Initial approval for use of vacant property measure to fight blight in Shamokin, PA
Shamokin, PA: Officials for the City have approved a vacant property measure to help fight blight.
The measure accepted would allow the Local Economic Revitalization Tax Assistance Act (LERTA) to be utilized by the City.
LERTA allows commercial and residential property owners exemption from property tax increases to a property for 3 years if $50,000 or greater is invested into the given property.
If final approval is given for LERTA in Shamokin, it would join numerous other cities in Pennsylvania utilizing LERTA to help incentivize investors and owners into correcting dilapidated properties throughout the area.
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