Realtors applaud renewal of new homes tax abatement in Allegheny County
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.