[HISTORY: Adopted by the Borough Council of the Borough of
Bridgeport 12-18-2018 by Ord. No. 2018-009. Amendments noted where applicable.]
As used in this chapter, 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.
Borough of Bridgeport, Montgomery County, Pennsylvania, acting
by and through its Borough Council, or acting by and through its authorized
representatives.
The Borough of Bridgeport Borough Council.
The Commonwealth of Pennsylvania.
The issuance of a certificate of occupancy by the Borough
of Bridgeport.
County of Montgomery, Pennsylvania, acting by and through
its Board of County Commissioners, or acting by and through its authorized
representatives.
The area within the Borough identified in this chapter and
attached as Exhibit A.
Any industrial, commercial or other business property located
within the designated area. Property adjacent to areas meeting the
criteria of this section, but which would not otherwise qualify, may
be included within the designated area, if the local taxing authorities
determine that new improvements on such property would encourage,
enhance or accelerate improvement of the properties within the designated
area, and adopt appropriate amends to this legislation, as required
by the Act.
Repair, construction, or reconstruction, including alterations
and additions, having the effect of rehabilitating an eligible property
owned by a person located within the designated area 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.
Borough of Bridgeport, Montgomery County, and the Upper Merion
Area School District.
Any individual, partnership, company, association, society,
trust, corporation, municipality, municipal authority, or other group
or entity.
Upper Merion Area School District, Montgomery County, Pennsylvania,
acting by its Board of School Directors, or, in appropriate cases,
acting by and through its authorized representatives.
The Borough hereby designates the area within the following
boundaries as a "deteriorated area" determined within the meaning
of the Act, and one in which the local taxing authorities may grant
a tax exemption pursuant to the provisions of the Act. All parcels
that qualify as "eligible properties," and are within the designed
"deteriorated area," are specifically delineated via the list attached
to this ordinance as Exhibit A.[1]
[1]
Editor's Note: Exhibit A is included as an attachment to this chapter.
A.Â
There is hereby exempted from all real estate property taxes that
portion of additional assessment attributable to the actual costs
of new improvements to eligible property for which proper application
has been made in accordance with this chapter.
B.Â
The exemptions authorized by this chapter shall be in accordance
with the Standard Exemption Schedule, subject to provisions and limitations
hereinafter set forth.
C.Â
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 eligible property:
Standard Exemption Schedule
| |
---|---|
Tax Year(s) Following Completion of Construction
|
Exemption Portion of Assessed Valuation
|
1
|
100%
|
2
|
80%
|
3
|
60%
|
4
|
40%
|
5
|
20%
|
D.Â
A tax exemption granted under the Standard Exemption Schedule shall
become effective for a five-year period from the completion of construction
for any improvements and shall terminate after the fifth year.
E.Â
A tax exemption granted under this chapter shall not terminate upon
the sale or exchange of the property.
A.Â
Any person who is an owner of eligible property and who desires tax
exemption pursuant to this chapter shall apply, in writing, for such
exemption on a form to be provided by the Borough at the principal
office of the Borough and must be received by the Borough within 60
days following the date of issuance of a building permit for any new
improvements.
B.Â
The Borough shall make available to any person desiring to apply
for tax exemption in accordance with this chapter an application form
(the "application") which shall require such person to supply the
following information:
(1)Â
The name of the owner or owners of the eligible property;
(2)Â
The location of the eligible property, including the tax parcel identification
number assigned to such property for real property tax purposes;
(3)Â
The type of new improvements to be made on the eligible property
(industrial, commercial or other business);
(4)Â
The nature of the improvements to be made on the eligible property;
(5)Â
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)Â
The cost or estimated cost of the new improvements;
(7)Â
Whether the eligible property has been condemned by any governmental
body for noncompliance with laws or ordinances; and
(8)Â
Such additional information as the Borough may reasonably require.
C.Â
The appropriate official of the Borough 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.Â
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 chapter shall be applicable
to that exemption request, and any subsequent amendment to this chapter,
if any, shall not apply to applications filed with the Borough prior
to their adoption.
E.Â
The Borough may reject an application that is incomplete or fails
to provide any of the information required under this chapter.
A.Â
Any property owner who elects to appeal the assessed value of a property
eligible under LERTA during any exemption period granted shall be
disqualified from participation in the LERTA Program upon the filing
of such an appeal to the Board of Assessment.
B.Â
Any property owner who fails to pay when due any and all nonexempt
real estate taxes, together with water/sewer rents relating to a participating
property in the LERTA Program or any other property as may be owned
by the same property owner within the designated area shall result
in disqualification from participation in the LERTA Program.
C.Â
Any other matter that is determined by the Borough to be in contravention
of this chapter shall result in disqualification from participation
in the LERTA Program.
The provisions of this chapter shall expire upon the 10th anniversary
of its enactment, unless extended by ordinance duly adopted. Any property
tax exemptions granted under the provisions of this chapter shall
be permitted to continue according to the exemption schedule even
if this chapter expires or is repealed.
Appeals from the reassessment and the amounts eligible for exemption
under this chapter may be taken by the taxpayer or the local taxing
authorities as provided by law.