But Jonathan Sgro, a supervising attorney with Community Legal Services, said qualifying homeowners will still have to choose between participating in the homestead program or LOOP.
‘There’s going to be a pool of homeowners for whom they’re faced with a very difficult choice between a short-term savings with the homestead exemption versus a long-term savings with the LOOP program,’ said Sgro. He said in the short-term, the homestead exemption will provide a bigger discount. The LOOP program is set up to save homeowners more money in the long-term.
Big change to widely-used property tax program is now Philly law
