[Adopted 1-2-2018 by Ord.
No. 651]
As used in this article, the following terms shall have the
meanings indicated:
Local Economic Revitalization Tax Assistance Act of the Commonwealth,
72 P.S. § 4722 et seq., as amended.
The Lower Providence Township Board of Supervisors.
The Commonwealth of Pennsylvania.
County of Montgomery, Pennsylvania, acting by and through
its Board of County Commissioners, or acting by and through its authorized
representatives.
The property within the Township identified in this article
and attached as Exhibit A.[1]
Repair, construction, or reconstruction, including alterations
and additions, having the effect of rehabilitating an industrial,
commercial or other business located on the eligible property and
owned by an individual, association or corporation so that it becomes
habitable or attains higher standards of safety, health, economic
use or amenity, or is brought into compliance with laws, ordinances
or regulations governing such standards. "Improvement" does not include
any ordinary upkeep or maintenance.
Lower Providence Township, Montgomery County, and the Methacton
School District.
Any individual, partnership, company, association, society,
trust, corporation, municipality, municipal authority, or other group
or entity.
Methacton School District, Montgomery County, Pennsylvania,
acting by its Board of School Directors, or, in appropriate cases,
acting by and through its authorized representatives.
Lower Providence Township, Montgomery County, Pennsylvania,
acting by and through its Board of Supervisors, or acting by and through
its authorized representatives.
[1]
Editor's Note: Exhibit A is on file in the Township offices.
The Township hereby designates the following property as a deteriorated
area determined within the meaning of the Act,[1] and one in which the local taxing authorities may grant
a tax exemption pursuant to the provisions of the Act: 950 Rittenhouse
Road, Audubon, PA, 19403 as shown on the map and folio number attached
hereto as Exhibit A.[2]
A.
The eligible property is hereby exempted from all real estate property
taxes, that portion of additional assessment attributable to the actual
costs of new improvements to the eligible property for which proper
application has been made in accordance with this article.
B.
The exemptions authorized by this article shall be in accordance with the standard exemption schedule under § 130-78C, subject to provisions and limitations hereinafter set forth.
C.
The schedule of real property taxes to be exempted shall be in accordance
with the following percentage of the assessed valuation of new improvements
to the eligible property:
|
Standard Exemption Schedule
| |
|---|---|
|
Tax Year(s) Following Completion of Construction
|
Exemption Portion of Increased Assessed Valuation
|
|
1
|
100%
|
|
2
|
90%
|
|
3
|
80%
|
|
4
|
70%
|
|
5
|
60%
|
|
6
|
50%
|
|
7
|
40%
|
|
8
|
30%
|
|
9
|
20%
|
|
10
|
10%
|
D.
A tax exemption granted under this article shall not terminate upon
the sale or exchange of the eligible property.
A.
If the owner of the eligible property desires tax exemption pursuant
to this article, said owner shall apply in writing for such exemption
on a form to be provided by the Township at the principal office of
the Township, and must be received by the Township within 60 days
following the date of issuance of a building permit for any new improvements.
B.
The Township shall make available to the owner of said eligible property
desiring to apply for tax exemption in accordance with this article
an application form (the application) which shall require such person
to supply the following information:
(1)
The name of the owner or owners of the eligible property;
(2)
The location of the eligible property, including the tax parcel identification
number assigned to such property for real property tax purposes;
(3)
The type of new improvements to be made on the eligible property
(industrial, commercial or other business);
(4)
The nature of the improvements to be made on the eligible property;
(5)
The date on which the relevant building permit was issued, the date
on which construction commenced or the estimated date on which it
shall commence;
(6)
The cost or estimated cost of the new improvements;
(7)
Whether the eligible property has been condemned by any governmental
body for non compliance with laws or ordinances; and
(8)
Such additional information as the Township may reasonably require.
C.
The appropriate official of the Township shall forward a copy of
such completed application to the county and school district within
30 days following the date on which such application is filed.
D.
The cost of new improvements to be exempted and the schedule of taxes
exempted at the time of an initial request for tax exemption made
in accordance with the provisions of this article shall be applicable
to that exemption request, and any subsequent amendment to this article,
if any, shall not apply to applications filed with the Township prior
to their adoption.
E.
The Township may reject an application that is incomplete or fails
to provide any of the information required under this article.
A.
If the property owner of the eligible property elects to appeal the
assessed value of the property under LERTA during any exemption period
granted, said property shall be disqualified from participation in
the LERTA Program upon the filing of such an appeal to the Board of
Assessment.
B.
If the property owner of the eligible property fails to pay when
due any and all nonexempt real estate taxes together with water/sewer
rents relating to the property's participation in the LERTA Program,
said failure shall result in the property's disqualification
from participation in the LERTA Program.
C.
Any other matter that is determined by the Township to be in contravention
of this article shall result in disqualification from participation
in the LERTA Program.
The provisions of this article shall expire upon the fifth anniversary
of its enactment, unless extended by ordinance duly adopted. Any property
tax exemptions granted under the provisions of this article shall
be permitted to continue according to the exemption schedule even
if this article expires or is repealed.
Appeals from the reassessment and the amounts eligible for exemption
under this article may be taken by the taxpayer or the local taxing
authorities as provided by law.
