[Ord. 555, 11/26/2007, § 1a]
This Part shall be known and cited as the "Homestead Property
Exclusion Program Ordinance."
[Ord. 555, 11/26/2007, § 1b]
The definitions of terminology contained in the Homestead Property
Exclusion Program Act, 53 Pa.C.S.A. § 8581 et seq., as amended,
(the "Homestead Property Exclusion Program Act") are incorporated
herein by reference. All terminology contained in this Part and all
provisions of this Part shall be construed in accordance with the
Homestead Property Exclusion Program Act.
[Ord. 555, 11/26/2007, § 1c]
A Homestead Property Exclusion is hereby created and established
pursuant to the Homestead Property Exclusion Program Act for all applicable
properties in the Borough. The initial $50,000 of the assessed value
of any homestead property in the Borough is excluded from Borough
real estate taxes.
[Ord. 555, 11/26/2007, § 1d]
A Farmstead Property Exclusion is hereby created and established
pursuant to the Homestead Property Exclusion Act for all applicable
properties in the Borough. The initial $10,000 of assessed value of
any farmstead property located in the Home Rule Borough of Edinboro
is excluded form the Home Rule Borough of Edinboro real estate taxes.
The exclusion for farmstead property shall be in addition to the exclusion
for homestead property for which the dwelling on the farm may qualify.
[Ord. 555, 11/26/2007, § 1e]
The Erie County Assessment Office, or its successor, and the
Borough Manager, or his designee, shall be responsible for administering
this Part. The Erie County Assessment Office and the Borough Manager
shall have the authority to issue regulations with respect to the
administration and implementation of this Part provided that such
regulations comply with the Homestead Property Exclusion Program Act.
[Ord. 555, 11/26/2007, § 1f]
The homestead property exclusions established under this Part
shall apply to the 2008 Borough real estate tax year and all succeeding
Borough real estate tax years until further amended as provided by
law.
