As used in this Chapter:
(1) Homestead.
(a) A dwelling used as a home, occupied by a taxpayer as a primary residence.
(b) The term includes:
(.1) A mobile home which is assessed as realty for local property tax purposes and the land upon which the mobile home is situated and other similar living accommodations, as well as a part of a multi-dwelling or multi-purpose building and a part of the land upon which it is built to the extent that the eligible taxpayer is chargeable by the City for property taxes.
(.2) A premise occupied by an eligible taxpayer if the eligible taxpayer is required by law to pay a property tax by reason of the taxpayer’s ownership or rental (including a possessory interest) in the dwelling, the land, or both. As used in this subparagraph:
(.a) The term “by law” shall not include a contractual obligation between the eligible taxpayer and a person who would otherwise be responsible to the City for the amount of the tax.
(.b) An owner includes a person in possession under contract of sale, deed of trust, life estate, joint tenancy or tenancy in common.
(2) Low-income taxpayer.
(a) For tax year 2025 and thereafter, a taxpayer whose income does not exceed the “maximum annual income” allowable for an “eligible claimant” to participate in the Commonwealth’s program for Pharmaceutical Assistance Contract for the Elderly Needs Enhancement Tier (“PACENET”) established under Chapter 5 of the State Lottery Law, 72 P.S. §§ 3761-501 et seq.
(b) For purposes of this Section, “income” shall be defined as it is in Chapter 5 of the State Lottery Law.