The Morning Call reports on the potential savings for property tax owners based on the slot machine revenue the state has generated (read the article here).
In essence, the Commonwealth of PA, specifically Governor Rendell's administration, is messing with our heads on this one. The formula's complexity in determining who is actually getting what break from these fees isn't currently available.
It will be, according to the article in May. It will depend on where you live, taxes you pay, income in the area, and most importantly if you filed a form a year or so ago.
As you attempt to figure out who gets what break, and who doesn't, it becomes rather ridiculous.
I was really surprised to learn that PA would give out of state residents discounts on taxes based on these earnings when I can't imagine PA residents have yet benefited from revenues on casinos in NJ or slots in DE since those states approved gambling.
What do you think? Property Tax Reform or another Reuse by the Commonwealth of PA?
4 comments:
That sure is a funny post.
Obviously not a comment in any way shape or form related to the post so I deleted it.
For those that want to know it was a rather off-beat bashing of Barack Obama.
My guess is that as residents of NASD, we will see little reduction in our tax rates. Remember that our government officials gave us an average, so there will be highs and lows.
Now, if you are a resident of Philadelphia, Pittsburg, Harrisburg, or Allentown, you will see a substantial return, most likely above the average mark by some distance.
A good indicator is how the state reimburses schools. Our district gets about a 25% reimbursement on costs (got that directly from the administration) while those districts in the cities listed above get about 75% or higher.
We probably won't get enough back to fill up our gas tank.
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