Exclusive Buyer Agent, Philadelphia’s Sage Realty LLC Advises Residents Who Have Just Purchased a Home to Consider the Tax Deductible Options Available to Them
Philadelphia, PA – October 2014 – Homeowners who have recently purchased property in Pennsylvania may not know it, but they are eligible for certain tax relief. One tax benefit implemented by the state of Pennsylvania is the homestead tax. Surprisingly, many residents may not know that they are eligible to receive this tax relief, which is why as an exclusive buyer agent, Philadelphia’s Sage Realty LLC (https://www.findahomeinpa.com) is educating homeowners about all aspects of homeownership.
The homestead tax was originally created to protect families from certain creditors during the Great Depression, but today it carries a broader meaning. In Pennsylvania, the term applies most commonly to the tax relief measures that were passed to take advantage of gaming revenues. As Sage Realty LLC, has advised “Under Pennsylvania’s Taxpayer Relief Act (Act 1), which became law in July 2006, school district property tax relief is available to resident homeowners each year that the Commonwealth accumulates sufficient revenue from slot machine gaming.”
In order to qualify for this benefit, homeowners must file an application and then be approved by the county assessment office. In 2008 those who were approved received $181.41 in deductibles.
Moreover, local school tax bills are due soon and homeowners who have yet to receive their bills are encouraged to contact their school district tax office. If this is neglected and no bill is received, homeowners may be required to pay interest and other penalties. Recent purchases may not have received a bill because the records may not have been changed to the current owner’s names.
As a knowledgeable buyers agent, Philadelphia’s Sage Realty LLC can offer guidance on many benefits that homeowners may not be aware of. To learn more contact Sage Realty at https://www.findahomeinpa.com.
About Sage Realty LLC
Sage Realty LLC is always looking for ways to exclusively help homebuyers. Formed by Linda Walters, Sage Realty has been dedicated to revolutionizing the real estate industry to give buyers more rights, such as the right to fiduciary care, as an exclusive buyers agent. Philadelphia buyers including the Main Line communities are served with top quality assistance and honest representation.
Sage Realty LLC
37 West Avenue
Wayne, PA 19087