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Implementation focus: tax-classification multipliers, regional assessment districts and reporting deadlines under Act 73
Summary
Staff and Legislative Council described the new non-homestead residential tax classification, statutory multipliers, regional assessment districts (county-based reassessment districts) phased in to 2029, and required reports (including a Jan. 15 tax-department/JFO implementation report).
The committee received a detailed overview of administrative steps and implementation milestones in Act 73.
Tax classifications and multipliers: Kirby of the Legislative Council said the statute establishes a new non-homestead residential class (targeting second homes and short-term rentals) and allows the Legislature to set statutory multipliers (factors) that adjust how the single statewide education tax is allocated across property classes. Those multipliers are currently…
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