Rep. Jim Cox, R-Berks, said property taxes on residential and commercial buildings are a major burden for many owners, especially senior citizens on fixed incomes.
“Even when the mortgage on a house is paid off, the owner still has to ‘rent’ it from the government by paying school property taxes, and that isn’t fair,” he said. Some owners have lost their homes when they were unable to pay rising property taxes, he added.
Some disappointing financial news for Pennsylvania. Revenue collected for October was 3.2% below projections, which translates to $57 million dollars less than expected for the month. $44 million of the shortfall was in the personal income tax category.