Property Tax Relief - Homestead and Farmstead Exclusions
The Taxpayer Relief Act provides for property tax reduction allocations to be distributed by the Commonwealth to each school district. Property tax reduction is then provided to homeowners through homestead and farmstead exclusion(s). School districts are required to notify homeowners by December 31 of each year if their property is not already approved for this tax reduction. Applications for 2020 will be mailed out soon. Please note, if you own multiple properties, you will receive applications for each property that is not already approved. A property owner can only have one PRIMARY residence receive the homestead exclusion. A primary residence is where you intend to reside permanently until you move to another home.You may not claim multiple properties as your primary residence.
Tax reduction varies from year to year based on the Commonwealth’s distribution of funds and the number of homestead/farmstead properties that are approved. In recent years, approved homesteads in the Brookville Area School District have each received an annual tax reduction of approximately $200. If you had been approved for the 2019 Fall School Real Estate Taxes, you would have noticed a homestead credit listed on your tax bill and, if applicable, an additional farmstead credit up to the same amount. In order to be considered a farmstead, the property needs to be the primary residence of the owner, be at least ten contiguous acres in area, and include buildings or structures that are used for the purpose of commercial agricultural production.
If you receive a 2020 Application for Homestead and Farmstead Exclusions that lists your PRIMARY residence, please read the instructions carefully. If you believe you qualify for the homestead or farmstead exclusion(s), you need to return a completed form to the Jefferson County Assessment Office by March 1, 2020.
If you have been previously approved for a homestead or farmstead property tax reduction and the property no longer qualifies for the homestead or farmstead exclusion(s), you must notify the assessor at 849-1526 within 45 days of the change. Any person who files an application that contains false information, or who does not notify the assessor of a change in use which no longer qualifies as homestead or farmstead property, will be required to pay the taxes due, plus interest and penalties, and pay any applicable fines.
If you have any questions regarding this issue, please do not hesitate to call the business office at Brookville Area School District at 814-849-1103.