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TESD board approves homestead/farmstead exclusion; estimated $344.09 reduction for eligible properties
Summary
The board voted unanimously on a resolution to apply the county homestead/farmstead exclusion for 2025–26; the district will allocate $3,726,000 in gaming revenue to eligible Chester County properties, producing an estimated $344.09 reduction per eligible homestead.
Tredyffrin‑Easttown School District — The board approved a resolution on June 9 adopting the county homestead/farmstead exclusion for fiscal year 2025–26, recording a unanimous voice vote.
Mr. McDonald explained the program mechanics and numbers to board members: the Chester County assessment office administers eligibility and applications; the district’s share of gaming revenue for the program is $3,726,000 and will be divided among the eligible homestead and farmstead properties listed in the resolution. "That estimate is currently listed in this resolution at $344.09," Mr. McDonald said, describing the assessment‑reduction calculation.
Board members asked procedural questions about how residents apply; Mr. McDonald said residents who did not see the reduction on their bill likely have not applied and should contact the county assessment office, and that any approved application would take effect the following tax year.
The board approved the resolution by voice vote (recorded as 9–0). The administration advised that eligible homeowners and renters who believe they qualify should consult Chester County’s assessment office or the district’s website for application links and guidance.
