Title
An Ordinance supplementing the Pittsburgh Code, Title Two, Fiscal; Article IX, Property Taxes; Chapter 263, Real Property Tax and Exemption, by adding Section 263.26, Homestead Exclusion, so as to enact a homestead exclusion of fifteen thousand dollars ($15,000.00) for the year 2013 and subsequent years.
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, is hereby supplemented by adding Section 263.26, Homestead Exclusion, which reads as follows:
Section 263.26 HOMESTEAD EXCLUSION.
Pursuant to the provisions of the Homestead Property Exclusion Program Act, Act of May 5, 1998, P.L. 301, No. 50, Section 9, 53 Pa.C.S.A. Section 8581 et seq., in determining the real property tax due for the year 2013 and subsequent years, the Treasurer shall exclude from taxation the first fifteen thousand dollars ($15,000) of assessed value for each homestead property.
Section 2. This Ordinance shall become effective January 1, 2013.