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In reply to the discussion: These prople pay taxes on the dilapidated house... [View all]happyslug
(14,779 posts)62. Homestead exemptions are limited as to amounts
Most have a cap, The First $20,000 of value, the value above that amount is still taxable. Philadelphia exempts the first $30,000 only:
http://www.phila.gov/OPA/AbatementsExemptions/Pages/Homestead.aspx
I suspect the $30,000 exemption is state wide, but can not find a state source in the few minutes I did search. I suspect the reason is it is a local option, i.e. if your local municipality does not adopt it, it does not apply. In Allegheny county, The county has opt for the exemption, but not the City of Pittsburgh and other local governments.
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You mean like giving special dispensation to people who want to ignore the law that offers birth
jtuck004
Jan 2014
#5
Newspapers don't pay taxes if they're nonprofits. But there are better answers to this problem.
Liberty Belle
Jan 2014
#29
I'd much rather focus FIRST on getting the 1% and corporations to pay their fair share.
Gidney N Cloyd
Jan 2014
#10
RCC owns about 177 million acres of real estate world wide, including very high end prime commercial
Bluenorthwest
Jan 2014
#45
The tax-exempt loophole is a big reason there's so much religious craziness in America.
reformist2
Jan 2014
#52