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Updated almost 6 years ago on . Most recent reply

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1,138
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James Mc Ree
  • Rental Property Investor
  • Malvern, PA
864
Votes |
1,138
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PA property scouting question regarding homestead exemption

James Mc Ree
  • Rental Property Investor
  • Malvern, PA
Posted

I see properties in PA tax records with the owner's address the same as the property, but the homestead exemption is "No".  Does this most likely mean the property is a rental and the homeowner just hasn't provided another address to mail tax bills?  I am thinking of using this to identify rental properties and want to get a feel for its relative accuracy.  I know a recent sale might make the value stale.

My understanding is an owner gets only 1 homestead exemption and PA relatively automagically updates it approximately annually.  If that is the case, I think it means the owner at least isn't living there anymore which might lead me to conclude it is a rental or maybe just vacant.

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