Thanks to Act 1, the Pennsylvania Taxpayer Relief Act, Lower Moreland Township School
District residents will be receiving a reduction in their 2024-25 school tax bill. Through a
provision of the law, school districts throughout the state will be receiving revenue generated
by legalized gambling as well as Sterling Tax revenue (the sum of (1) resident wages earned
within City of Philadelphia and (2) wages earned outside of Philadelphia but not taxed by the
school district because of application of the Philadelphia wage tax credit) and this revenue will
be used to lower residents’ property taxes.
The property tax reduction will come in the form of a reduction in property’s assessed taxable
value, not in the form of a rebate check. When residents receive the tax bills in July, they may
notice additional information on their bill noting an assessment reduction
(homestead/farmstead exclusion) which equates to a specific reduction in the overall tax
bill. Original assessed value totals and original tax liability information will also be noted on the
bill.
It is important to note that residents are only eligible for the property tax reduction if they have
filed the appropriate homestead/farmstead exclusion form and have been approved for the
exclusion by the county’s assessor’s office. The assessment reduction and net overall reduction
on the tax bill will be the same for all approved homeowners. In 2023/24, the amount of
revenue received helped to reduce eligible taxpayer’s tax burden by $511. The projection for
2024/25 is $572. This increase is the result of more Sterling Tax revenue received this year
versus the previous year.
If you did not file this form, you will not be eligible for this year’s property tax reduction. To
become eligible next year, please be sure to complete a homestead/farmstead exclusion
form. Homeowners who are not approved from the previous year are sent a notification by the
County by the end of December of the previous tax year to sign up for the next year. To obtain
a form, visit the assessment department on the Montgomery County website
(www.montcopa.org) and download the form.
Homestead/Farmstead applications are due by March 1 of every year. Residents who acquire
property in the school district after March 1 must wait until the following year to qualify for the
exclusion. The county assessor must notify the property owner of the approval or denial of the
exclusion no later than 30 days after the applications receipt. Residents who have an
approved application on file for their current residence do not need to re-apply annually.
