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.