Realtors applaud renewal of new homes tax abatement in Allegheny County

March 20, 2008
by Pennsylvania RealEstateRama

Category: News || Laws & Taxes | No Comments

PITTSBURGH – Members of Allegheny County Council voted unanimously this evening to renew Acts 202 and 42, which provide county property tax abatements for new construction and certain home improvements, respectively. The abatement programs, which had expired in December, will be applied retroactively to January 1, 2008, and will remain in effect through 2009.Details about the programs, including eligibility guidelines, may be obtained from the Allegheny County Office of Property Assessments at (412) 350-4600.

Statement of James E. Bindschadler, executive vice president of the Realtors Association of Metropolitan Pittsburgh:“Excessive property taxation is a longstanding barrier to homeownership in Allegheny County, and council’s action today is a progressive step toward reducing that burden. Given the already lower tax rates in neighboring communities, these abatements are a wise way to preserve Allegheny County’s appeal to current and potential residents.“By improving the affordability of home construction and improvements, this program also provides an important economic boost for the thousands of men and women associated with building trades and the real estate industry in Allegheny County.”

###

The term “REALTOR®” is a federally registered collective membership mark which identifies real estate professionals who are Members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. Since the subject term is a registered mark and serves this special identifying function, it should be used only in reference to real estate professionals who are Members of the National Association. The mark REALTOR® should also be distinguished from words of ordinary use by capitalization. Please take care to capitalize the term REALTOR® in the manner specified in the AP and UPI style books.

Tagged as:

Bookmark and Share:   Bookmark and Share

 

 

Comments

No comments yet.

Leave a comment

(required)

(required)


Related posts:

  • Realtors honor five for industry service
    The Realtors Association of Metropolitan Pittsburgh announced its top award winners for 2007 at a Feb. 1, 2008, Mardi Gras gala Downtown. The 2,800-person organization recognized five members for exemplary public service and career achievements. Realtor of the Year: Suzanne Gruneberg The association’s highest honor went to Suzanne Gruneberg, a Realtor since 1988 and the broker of record at RE/MAX...
  • Realtors honor five for industry service
    The Realtors Association of Metropolitan Pittsburgh announced its top award winners for 2007 at a Feb. 1, 2008, Mardi Gras gala Downtown. The 2,800-person organization recognized five members for exemplary public service and career achievements. Realtor of the Year: Suzanne Gruneberg The association’s highest honor went to Suzanne Gruneberg, a Realtor since 1988 and the broker of record at RE/MAX...
  • Pittsburgh broker named 2007 Certified Residential Specialist of the year
    PITTSBURGH - February 18, 2008 - The Pennsylvania Chapter of the Council of Certified Residential Specialists has named Nancy R. Wright of Pittsburgh as the statewide Certified Residential Specialist of the year for 2007. The chapter is a non-profit organization dedicated to providing Realtors with the knowledge, tools, and relationship building opportunities needed to maximize their education and professionalism. Ms....
  • State to Invest $5 Million in Newbury Market Development in Allegheny County
    BRIDGEVILLE – A $5 million investment by the commonwealth will help transform a vacant industrial property in South Fayette Township into a mixed-use retail, commercial and residential development that will create thousands of new jobs, the Department of Community and Economic Development announced on behalf of Governor Edward G. Rendell today. “Providing resources that bring new businesses to vacant properties...