Title
Ordinance amending and supplementing the Pittsburgh Code, Title II, Fiscal, Article IX - Property Taxes, Chapter 263, Real Property Tax and Exemption, Section 263.11 Definitions, 263.12 Exemption Authority, and 263.13 Procedures, by adding and deleting language as it relates to the real property tax exemption program and process for application, originally enacted by Ordinance Number 2 of 1993.
Body
The Council of the City of Pittsburgh hereby enacts as follows:
Section 1. The Pittsburgh Code, Title II, Fiscal, Article IX - Property Taxes, Chapter 263, Real Property Tax and Exemption, is hereby amended and supplemented, as follows:
EXEMPTION
ยง 263.11 - DEFINITIONS.
(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 physical improvement of the subject property shall be excluded from consideration for exem...
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