Tax Relief Could Be Coming for Some Pittsburgh Residents

Senator Costa Proposes Bill in Harrisburg

Joe DeStio
January 22, 2019 - 4:40 pm
 Longtime residents of the city of Pittsburgh could get thrown for a loop.

Joe DeStio

PITTSBURGH (Newsradio 1020 KDKA) – Longtime residents of the city of Pittsburgh could get thrown for a loop. But this would be a good thing. LOOP stands for Longtime Owner Occupant Program and the idea is to encourage residents negatively impacted by rising property values to stay in their homes.

The legislation drawn up by State Senator Jay Costa of Forest Hills would authorize the city to create its own program. Costa says it could include property tax exemptions or tax deferrals for homeowners who have lived in the house for at least ten years. Criteria for the program would be left to city council and the mayor.

“Those folks who spent many, many years in good times and in bad in their neighborhoods, to allow them, we don’t want them to be forced out of their homes because of positive economic development that has taken place there,” said Costa.

Mayor Bill Peduto and council members Deb Gross and Ricky Burgess attended the news conference to support the legislation.

The measure would apply only to the city of Pittsburgh. State Representative Ed Gainey will introduce companion legislation in the state house. Costa hopes for passage by June 30th.