Quarterly Newsletter – Jan through Mar 2012

(Pennsylvania) Property Tax/Rent Rebate Program

Property Tax/Rent Rebate application forms and assistance are available at no cost from Department of Revenue district offices, local Area Agencies on Aging, senior centers and state legislators’ offices.

The department is aware that a company is contacting older Pennsylvanians by mail, offering to prepare Property Tax/Rent Rebate applications for a fee.  While it’s unfortunate that a company is charging for a service that the government and other agencies provide for free, there appears to be nothing illegal about the offer.

Explanation of Program

The rebate program benefits eligible Pennsylvanians age 65 and older; widows and widowers age 50 and older; and people with disabilities age 18 and older. The income limit is $35,000 a year for homeowners and $15,000 annually for renters, and half of Social Security income is excluded.

The maximum standard rebate is $650, but supplemental rebates for qualifying homeowners can boost rebates to $975

The Property Tax/Rent Rebate Program is one of five programs supported by the Pennsylvania Lottery. Since the program’s 1971 inception, older adults and adults with disabilities have received $4.8 billion in of property tax and rent rebates. The rebate program also receives funding from slots gaming

For more information please visit: http://www.revenue.state.pa.us/portal/server.pt/community/property_tax_rent_rebate_program/11410

Interest Rate Trends:

30 Year fixed: rate 4.01% – APR 4.08% – Change + 0.004%

15 Year Fixed: rate 3.29% – APR 3.43% – Change + 0.034%

15 year- Home Equity Year – fixed: rate 7.02% – Change + 0.00%

For more information on FHA and VA rates, visit: www.mortgage101.com/articles/dailyratesurvey.asp

Featured Listings

915 Skyline Drive, Lebanon PA 17046 – MLS 186655


189 Cemetery Road, Jonestwon PA 17038 Home – MLS 183098


354 Timber Lane Mt. Gretna, PA 17064 – MLS 182343




429 N 7TH AVENUE LEBANON, PA 17046 – MLS 182543


300 W WATER STREET ANNVILLE, PA 17003 – MLS 180840


130 CASSADEE LEBANON, PA 17042 Lot # 6 – MLS 167825


174 Furnace Court, Lebanon Pa 17042 – MLS 184657


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