December 28, 2011

oh fudge

I got my letter from the City and my home has been reassessed at nearly triple its previous value.

oh fuuuuuuuuuuuuuuuuck

7 comments:

spork_incident said...

The whole reassessment mess - city and country - is a clusterfuck of epic proportions.

You have my sympathy.


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Winding down said...
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Winding down said...
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Ol' Froth said...

A huge part of the problem is the basic unfairness that Allegheny County must reassess every two years, and no other county is under such a restriction. Perhaps it would have been better to have the assessments adjusted every two years, instead of fighting (and losing) in court multiple times, and now we have an adjustment that reflects a decades worth of change in property assesments?

Ol' Froth said...

I forgot to add, if we had the assessed values adjusted every two years, would Allegheny County's Council even have a need to raise the property tax rate by a mill?

fester said...

@ Ol Froth ---
Even if assessments were done daily, the county would have increased the tax rate (maybe not a mil but some marginal revenue neutral level) as PA state law forbits non-school district property taxing entities to collect new assessment value revenue windfalls.

The primary reason why the county is raising property tax rates (and revenue) is because several state and federal income streams have been cut.

Ol' Froth said...

I understand that Fester, I'm just musing if the bite wouldn't be so intense if the County just laid back and tried to enjoy it.