Pittsburgh City Council Unanimously Approves Ravenstahl’s Property Tax Plan

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

Pittsburgh City Council this morning unanimously approved Mayor Luke Ravenstahl‘s property tax proposal, which increases the homestead exemption and the low-income senior discount in addition to dropping the millage rate to comply with Pennsylvania law.

Although the rate will drop 30 percent — from 10.8 to 7.56 mills — the vast majority of homeowners will not see a corresponding drop in their taxes because of a reassessment that dramatically increased official home values.

Read more: http://www.post-gazette.com/stories/local/neighborhoods-city/pittsburgh-city-council-unanimously-approves-ravenstahls-property-tax-plan-672491/#ixzz2JPup3Jxn