Title
Ordinance amending the Pittsburgh City Code, Title Two: Fiscal, Article IX: Property Taxes, Chapter 263: Real Property Tax and Exemption, Subchapter B: Exemption, by replacing Sections 263.11 through 263.14 with new Sections 263.11 through 263.16, collectively to be titled Subchapter B: Tax Exemptions for Longtime Owner-Occupants of Residential Properties.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code, Title Two: Fiscal, Article IX: Property Taxes, Chapter 263: Real Property Tax and Exemption, Subchapter B: Exemption, is removed in its entirety and replaced by the addition of:
Subchapter B. EXEMPTION TAX EXEMPTIONS FOR LONGTIME OWNER-OCCUPANTS OF RESIDENTIAL PROPERTIES
? 263.11. Definitions. Declaration of Policy.
(a) LONG-TIME OWNER/OCCUPANT
Any person who for at least ten (10) continuous years has owned and occupied the same dwelling place as a principal residence and domicile, or any person who for at least five (5) years has owned and occupied the same dwelling as a principal residence and domicile if that person received assistance in the acquisition of the property as part of a government or nonprofit housing program.
(b) PRINCIPAL RESIDENCE
The dwelling house of the person including the principal house and lots used in connection therewith, which contribute to enjoyment, comfort and convenience. For purposes of the State Act and this Chapter, the term may also include a building with a maximum of one (1) commercial establishment and a maximum of three (3) residential units of which one (1) residential unit must be the principal residence of the long time owner/occupant.
(c) MARKET VALUE INCREASE
Any increase in the market value of real estate which exceeds five (5) percent from the previously established market value shall be considered to be attributable to the refurbishing or renovating of other residences or the construction of new residences. Any increase in value attributable to the...
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