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School Board To Vote on Property Tax Rebate Program, Final Budget

by on June 08, 2015 6:50 AM

Some homeowners worried about the financial burden of paying for the high school renovations will likely get some relief tonight.

At Monday night's school board meeting, a resolution will be voted on to officially approve a property tax rebate program that the board previously supported at a May 4 meeting.

The program sets aside $200,000 in the 2015-2016 budget to pay out rebates. Applications will be processed on a first-come basis until the funds are fully expended, according to a news release from the school district. 

Rebate amounts are determined based on annual household income. The most a single home can receive is $650. In order to be eligible, there are a number of criteria that must be reached. In addition to being a homeowner, not a renter, claimants need to meet at least one of the following criteria:

  • You or your spouse are 65 and older.
  • You are a widow or widower and are 50 and older.
  • You have disabilities and are 18 and older.

In addition to meeting one of those criteria, claimants must have received a homestead/farmstead exclusion from the district for the previous tax year, paid their real estate taxes on time (by December 31, 2014), and received a rebate from the Pennsylvania Property Tax Rebate Program. The application deadline for that program is June 30.

When applying to the district for a rebate, you will need to submit a completed PA-1000 form for 2014 along with a copy of your receipt from the state rebate program. The district will begin accepting applications on July 1, and you can apply through June 30, 2016.

The board will also vote on its final budget at Monday night's meeting. The budget totals $136,368,756 which is an 8.3 percent increase from last year, mostly due to the high school renovations bringing in additional tax money. The expenses total $135,761,263, meaning that the district doesn't expect to lose money despite the costly project.

 

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Zach Berger is the managing editor of StateCollege.com. He graduated from Penn State University in 2014 with a degree in print journalism. Zach enjoys writing about a variety of topics ranging from football to government, music, and everything in between.
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