Posted by rrlund on February 08, 2017 at 09:35:01 from (162.250.24.100):
In Reply to: Pa 116 benefits posted by 1130Leo on February 08, 2017 at 08:44:21:
I don't know just how much the PA 116 exemption is anymore. It was pretty much a wash after 1994,but as taxes went back up,I think there must be some advantage. Even Ag land where you don't get principle residence exemption gets 18 mil Qualified Ag Exemption,same as P.R.E. Exemption and PA 116 still exists,so there must be an advantage. It's possible I suppose that the best use of PA 116 would be on land recently purchased and the cap came off vs land that you've owned and has been capped for a long time.
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