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News

Landlords Take Notice!

Posted on Tuesday, October 3, 2017 at 12:31 PM
Landlord Insurance Erie PA

At HMM we care about our Landlord Insurance clients.  Therefore you should be aware.  PA House Bill 871 is now scheduled for a vote in the PA House of Representatives. 

HB 871 would amend the PA Constitution to allow the City of Philadelphia to tax commercial real estate at a higher tax rate than residential real estate. Under this bill, residential rental property is considered to be commercial real estate, and would be taxed at a higher rate than residential homeowner properties. 

This is starting in Philadelphia, but will likely move across the start.  Whether you support or oppose this Bill, contact your PA House Representative to voice your opinion.

   


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