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Consultant tells Pike Township board SEA1 will shrink tax base; 2026 offers temporary relief
Summary
A Policy Analytics presentation to the MSD Pike Township School Board explained how Senate Enrolled Act 1 will reduce local property-tax revenue over the next five years, highlighted a $300 cap homestead credit that lowers typical 2026 bills, and urged the district to reframe budgeting and communications.
Matt Parkinson of Policy Analytics told the MSD Pike Township School Board on March 12 that Senate Enrolled Act 1 (SEA1) will materially change how property-tax revenue is distributed and is likely to reduce the district’s net assessed value through the 2031 phase-in.
"If we have a $300,000 house, for instance, today before that the tax rates applied on that bill, there's a deduction that's in the neighborhood of 40% applied on that bill; by the time SEA1's fully phased in in 2031, that'll be a two-thirds deduction," Parkinson said, describing the law’s expansion of homestead deductions and new deductions for rental and other 2% properties.
Parkinson also explained the new homestead credit that begins in 2026: "All Homestead taxpayers…
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