Township of Lower Merion, PA
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2023-12-13
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Part II: General Legislation
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Chapter 138 Taxation
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Article VA Real Estate Tax Deferment
- Part I: Administrative Legislation
- Ch 1 General Provisions
- Ch 4 (Reserved)
- Ch 5 Administrative Code
- Ch 6 (Reserved)
- Ch 7 Board of Commissioners Procedural Code
- Ch 10 Cooperative and Intermunicipal Agreements
- Ch 12 Electoral Districts
- Ch 13 Environmental Advisory Council
- Ch 16 Health Advisory Council
- Ch 20 Library Services
- Ch 21 Lost Property, Disposition of
- Ch 23 (Reserved)
- Ch 25 (Reserved)
- Ch 26 Municipal Authorities
- Ch 32 Pensions and Employee Benefits
- Ch 34 Planning Agencies
- Ch 36 Police Department
- Ch 38 Township Records
- Part II: General Legislation
- Ch 49 Air Pollution
- Ch 51 Alarm Systems
- Ch 59 Brush, Grass and Weeds
- Ch 62 Building Construction
- Ch 64 Buildings, Numbering of
- Ch 67 Circuses and Carnivals
- Ch 68 (Reserved)
- Ch 69 Contractor Licensing
- Ch 72 Electrical Standards
- Ch 75 Fair Housing
- Ch 78 Fire Prevention
- Ch 82 Garbage and Refuse
- Ch 88 Historic Districts
- Ch 90 Health and Sanitation
- Ch 92 Housing-Property Maintenance
- Ch 93 Human Relations Commission; Discrimination
- Ch 95 Junk Dealers
- Ch 99 Littering; Handbill Distribution
- Ch 101 Natural Features Conservation
- Ch 102 (Reserved)
- Ch 103 Newspaper Separation and Collection
- Ch 105 Noise and Exterior Lighting
- Ch 107 Official Map
- Ch 109 Parks and Playgrounds
- Ch 111 Peace and Good Order
- Ch 113 Peddling and Soliciting
- Ch 115 Plumbing
- Ch 119 Real Estate Registry
- Ch 121 Stormwater Management and Erosion Control
- Ch 123 Security of Buildings
- Ch 126 Sewers
- Ch 128 Shade Trees
- Ch 130 Shopping Carts
- Ch 133 Streets and Sidewalks
- Ch 135 Subdivision and Land Development
- Ch 138 Taxation
- Ch 138 Art VA Real Estate Tax Deferment
- § 138-57.1 Deferral of real estate tax increases.
- § 138-57.2 Amount of tax deferral.
- § 138-57.3 Application procedure.
- § 138-57.4 Applicability of provisions.
- Ch 140 Telecommunications Facilities
- Ch 141 Transient Retail Businesses
- Ch 143 Uniform Construction Code
- Ch 145 Vehicles and Traffic
- Ch 149 Watercourses
- Ch 151 Weapons
- Ch 155 Zoning
- Appendix
- Ch A161 Agreements and Contracts
- Ch A162 (Reserved)
- Ch A163 Building Line Ordinances
- Ch A164 Civil Service Commission: Rules and Regulations
- Ch A165 Curb Ordinances
- Ch A166 Electrical Examining Board: Rules and Regulations
- Ch A167 Fees
- Ch A168 Park Rules and Regulations
- Ch A169 Police Department: Code of Discipline
- Ch A170 Sidewalk Ordinances
- Ch A171 Street Ordinances
- Ch A172 Zoning Hearing Board: Rules
- Ch A173 Security Regulations
- Ch A174 Fire Lanes
- Ch A175 Code of Ethics
- Ch A176 (Reserved)
- Ch A177 Planting Materials and Specifications
- Ch A178 Wastewater Control Regulations
- Ch A179 Administrative Appeals
- Ch A180 Historic Resource Inventory
- Ch A181 Human Relations Commission: Rules and Regulations
- Disposition List
- Ch DL Disposition List
[Adopted 1-15-2003 by Ord. No. 3667]
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This article is adopted pursuant to the authority
granted by Act No. 50 of 1998. The provisions of this Article shall
be construed pursuant to such statute, and are not intended to enlarge
the privileges contained therein.
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All eligible taxpayers subject to the payment
of real estate taxes to the Treasurer (Tax Collector) of the Township
of Lower Merion for the benefit of the Township of Lower Merion shall
be entitled to apply annually for the deferment of any increase in
such taxes over the rate of the real estate tax levy for the prior
year. A claimant is eligible for a tax deferral if the claimant and
the claimant's spouse have a household income not exceeding the maximum
household income eligibility limitations set forth in the Act of March
11, 1971 (P.L. 104, No.3, as amended), known as the Senior Citizens
Rebate and Assistance Act.[1]
[1]
Editor's Note: See 72 P.S. § 4751-1
et seq.
The annual real estate tax deferral granted
under this article is equal to the increase in real property taxes
upon the homestead of an eligible claimant. No tax deferral will be
granted if the total amount of deferred taxes, plus the total amount
of all other unsatisfied liens on the homestead of the claimant, plus
the outstanding principal on any and all mortgages on the homestead,
exceeds 85% of the market value of the homestead, or if the outstanding
principal on any and all mortgages on the homestead exceeds 70% of
the market value of the homestead. The property's market value is
that amount equal to the assessed value divided by the common level
ratio, as most recently determined by the State Tax Equalization Board
for Montgomery County, Pennsylvania.
The Finance Director of Lower Merion Township
is authorized to establish rules and Regulations not inconsistent
with the enabling statute for the administration of the program authorized
by this article.
This article shall apply to all eligible real
estate tax taxpayers for the year of 2003 and for each year thereafter.
