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PA HR368
Resolution
Status
11/12/2025
Primary Sponsor
Joseph Webster
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AI Summary
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Directs the Legislative Budget and Finance Committee to study changes in commercial property values across Pennsylvania and assess fiscal impacts on local governments and school districts
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National office vacancy rates reached an all-time high of 20.7% in 2025, driven by remote work trends, with some jurisdictions projecting shortfalls of $1 billion or more from declining commercial property tax receipts
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Study must examine current commercial property valuation trends, identify state-level mechanisms addressing local budget shortfalls, and provide best-practice recommendations for assessment practices
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Approximately 55% of Pennsylvania public school funding comes from local sources, with 44 cents of every school dollar derived from local property taxes
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Report with findings and recommendations due within one year of adoption, to be transmitted to the General Assembly and posted publicly online
Legislative Description
Directing the Legislative Budget and Finance Committee to conduct a comprehensive study of changes in commercial property values in this Commonwealth, assess the fiscal impact on local governments and school districts and make recommendations.
Last Action
Referred to Local Government
11/12/2025