(a) Adoption of uniform provisions.--The governing body of a county of the first and second class shall have the power to provide, by ordinance or resolution, for uniform special real property tax provisions granting longtime owner-occupants a deferral or exemption or combination thereof, in the payment of that portion of an increase of real property taxes which is due to an increase in the market value of the real property as a consequence of the refurbishing or renovating of other residences or the construction of new residences in long- established residential areas or areas of deteriorated, vacant or abandoned homes and properties.

(b) Designation of areas.--The governing body of a county of the first and second class is authorized to enact ordinances or resolutions which provide for the designation of areas eligible for the special real property tax provisions pursuant to this act. Before enacting an ordinance or resolution which proposes designating such an area, the governing body shall conduct a public hearing on the proposed ordinance or resolution.

(c) Second class county school districts and municipalities.--School districts and municipalities within second class counties shall have authority to determine their participation in this program within their taxing jurisdiction.