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Committee hears HB 155, sponsor says plan would rebalance post‑reappraisal property-tax burden
Summary
House Bill 155 would restructure residential property taxation to restore class shares closer to pre‑2023 reappraisal levels, provide an estimated $163 million in residential relief statewide, and reduce an apparent excess in the 95‑mill school account; proponents said it restores balance, opponents warned of complexity and tax shifting to other
The House Appropriations Committee heard House Bill 155, sponsored by Representative Mark Thane, a proposal to change the structure of residential property taxation and rebalance property‑tax burdens among classes after the 2023 reappraisal cycle.
Thane told the committee HB 155’s intent is to return the share of property-tax responsibility across classes to levels close to 2022, before the most recent reappraisal. He said legislative fiscal modeling shows the bill would provide about $163 million in property-tax relief to class‑4 (residential) properties while leaving required state funding for school equalization intact, and that most of the apparent reduction in state revenue would come from not collecting excess revenue already being generated by the 95‑mill school levy (the sponsor cited $62,296,000 of the $74,000,000 general‑fund figure as SEPTA account revenue the bill would leave in taxpayers’ pockets).
Sponsor Mark Thane (representing House District 89) walked the committee through handouts and a…
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