Pennsylvania homeowners will soon see larger property tax rebates fueled by casino revenues.
Almost $800 million of the money that comes from gambling is used to offset the school portion of property taxes in most of Pennsylvania. Tim Eller of the Pennsylvania Department of Education breaks down how the money will be used.
“Over $600 million of that will be used to provide property tax relief on property tax bills for homeowners also in Philadelphia a reduction in the wage tax for resident and non-resident workers,” said Eller. “For senior citizens about $150 million, a little more than that goes into the property tax/rent rebate program.”
The property tax rebate isn’t given as a check, it shows up as a reduction on your property tax bill, but only if you apply for it. This year’s deadline has passed. The application is available through school districts or county assessor’s offices, and you only have to sign up once, not every year.