PA Homestead Exclusion Tax Credit

Submitted by susweca2 t3_10pfsyo in pittsburgh

My girlfriend and I just bought a house. When looking through some tax forms, it seems like the application to apply for Homestead Exclusion is March 1. One of the criteria asks if we claim this property as our primary residence. The issue is that we are living in an apartment right now and will be slowly moving in over the next few months. We don't have any other properties and won't be renting that one out, and otherwise meet all other criteria. Is it an issue if we still technically have most of our stuff in our apartment by March 1 (making the apartment our "primary residence" and not the house) and apply for the credit? Or since we own only the house (and not our current apartment) it shouldn't really be an issue?

Thank you for any help!

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Comments

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Jumpy-Natural4868 t1_j6k5p6h wrote

yes. it's your primary residence. that question is for people that buy rental properties, 2nd homes, etc.

Fill it out and send it in.

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1ll1l1ll1l1l1l1l1ll1 t1_j6kchqm wrote

How do you rat out an Airbnb that is marked for the homestead exclusion? Asking for a friend.

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Jumpy-Natural4868 t1_j6mhh07 wrote

oh, u/1ll1l1ll1l1l1l1l1ll1, look it's on the FAQ for the county, so they must get asked this question al ot--

My neighbor has moved out and uses his former home as a rental property. It still has a Homestead Exclusion on it. Is that legal?

No, the owner must use the property as his/her primary residence to qualify for the Homestead Exclusion. We can research that information for you.

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https://www.alleghenycounty.us/real-estate/abatements-exemptions/act-50/act-50-faqs.aspx

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1MagnificentMagnolia t1_j6kgasc wrote

You could... but if it's in your neighborhood, other houses in the area having higher taxes for whatever reason could work against your favor.

But then again, taxation is theft so why encourage the government?

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tonytroz t1_j6od0pw wrote

Taxes are based off the assessment which is based off sales price so what others are paying in your neighborhood doesn’t really work against you.

By abusing the homestead exemption they’re taking money away from the local government which funds resources you might use like firemen, roads, etc.

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