[Adopted 7-7-2005 by Ord. No. 2005-746]
The definition of the term “homestead property” contained in Sections 8401 and 8581 of Act 50 of 1998 is incorporated by reference in its entirety herein. All other terms and provisions set forth in this article shall be construed in accordance with the provisions of Act 50 of 1998.[1]
[1]
Editor’s Note: See 53 Pa. C.S.A. § 8583.
There is hereby created and established an Act 50 of 1998 Homestead Exclusion for applicable Homestead Properties in Upper Merion Township. The initial $72,500 of the assessed value of any homestead property in Upper Merion Township shall be excluded from Upper Merion Township real property taxation.
The Office of the Montgomery County Board of Assessments shall administer the Township’s Homestead Exclusion Program created under this article. In administering the Township’s Homestead Exclusion Programs, the Board of Assessments shall follow all procedures and requirements set forth in Act 50.