Politics & Government

Winners and losers of Act 1 property tax reform

Bald Eagle Area School District

Referendum question: "Do you favor the Bald Eagle Area School District imposing an additional 1% earned income tax? The revenue generated from the increased tax rate will be used to reduce school district taxes on qualified residential properties by an estimated $338.00 The current school district earned income tax rate is 1.05%."

What it means: To determine what you are paying in school earned-income tax, multiply your gross income by .0105. To determine what you would pay under the increase, multiply your gross income by .0205. Compare the difference between the two numbers to the $338 reduction in property taxes anticipated by the school district in the first year to determine if you will pay more or less under the change.

Bellefonte Area School District

Referendum question: “Do you favor the Bellefonte Area School District imposing an additional 0.85% earned-income tax? The revenue generated from the increased tax rate will be used to reduce school district taxes on qualified residential properties by an estimated $397. The current school district earned income tax rate is 1.05%.”

What it means: To determine what you are paying in school earned-income tax, multiply your gross income by .0105. To determine what you would pay under the increase, multiply your gross income by .0190. Compare the difference between the two numbers to the $397 reduction in property taxes anticipated by the school district in the first year to determine if you will pay more or less under the change.

Philipsburg-Osceola Area School District

Referendum question (in Centre and Clearfield counties): “Do you favor the Philipsburg-Osceola Area School District imposing an additional 0.5% earned income tax? The revenue generated from the increased tax rate will be used to reduce the school district taxes on qualified residential properties by an estimated $241. The current school district earned income tax rate is 0.5%.”

What it means: To determine what you are paying in school earned-income tax, multiply your gross income by .005. To determine what you would pay under the increase, multiply your gross income by 0.01. Compare the difference between the two numbers to the $241 reduction in property taxes anticipated by the school district in the first year to determine if you will pay more or less under the change.

Penns Valley Area School District

Referendum question: “Do you favor the Penns Valley Area School District imposing an additional 1% earned income tax? The revenue generated from the increased tax rate will be used to reduce school district taxes on qualified residential properties by an estimated $226.00. The current school district earned income tax rate is 1.30%.”

What it means: To determine what you are paying in school earned-income tax, multiply your gross income by .0130. To determine what you would pay under the increase, multiply your gross income by .0230. Compare the difference between the two numbers to the $226 reduction in property taxes anticipated by the school district in the first year to determine if you will pay more or less under the change.

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