Allegheny County Council approves a program aimed at tax relief for reassessments

(File Photo: Source for Photo: FILE – This July 24, 2018, file photo shows a portion of the 1040 U.S. Individual Income Tax Return form. The Trump administration is working on plans to delay the April 15 federal tax deadline for most individual taxpayers as well as small businesses. Treasury Secretary Steven Mnuchin told Congress on Wednesday, March 11, 2020, that the administration is “looking at providing relief to certain taxpayers and small businesses who will be able to get extensions on their taxes.” (AP Photo/Mark Lennihan, File)

Noah Haswell, Beaver County Radio News

(Allegheny County, PA) Allegheny County Council recently approved the implementation of a program that would lessen the impact of longtime homeowners whose property taxes increase due to a countywide property tax reassessment. While legislators say it would increase equity between new and longtime homeowners, others could be left with a bill they can’t pay. The LOOP program, which was approved by the council on Tuesday, would cap increases at 35% in the first year. It also covers homeowners who have lived in their homes for 10 years and fall under 125% of the area’s median income.