Longtime Pittsburgh homeowners hit by rising taxes in gentrifying neighborhoods could get relief

State lawmakers representing Pittsburgh unveiled new legislation Thursday that would let the city offer tax relief to longtime homeowners in neighborhoods where property values have skyrocketed.

If the legislation were enacted in Harrisburg, Pittsburgh would be allowed to create its own version of what’s known as a Longtime Owner Occupant Program, or LOOP — a tax relief system for homeowners in developing areas who get squeezed by big tax bills on increasing property values.

New legislation aims to help longtime Pittsburgh homeowners amid rising property taxes

A group of local lawmakers are proposing state legislation meant to give the City of Pittsburgh the power to better manage property taxes in neighborhoods where longtime residents are at risk of being priced out.

The region has experienced rapid economic growth and increased development in recent years, much of it concentrated in neighborhoods including Lawrenceville, Bloomfield and Garfield. For some who have owned homes in those areas for years, the rising property values have come with higher property taxes they can’t always afford.

Costa legislation could keep some homeowners in growing areas from being taxed out of homes

State Senate Minority Leader Jay Costa has introduced legislation that he said would protect longtime homeowners from being taxed out of their homes.

Costa, D-Forest Hills, said the Longtime Owner-Occupant Tax Exemption Program, or LOOP, would allow first- and second-class cities and counties — including Pittsburgh and Allegheny County — to enact ordinances protecting homeowners in developing areas who are facing increasing property taxes as a result.