Wednesday, March 29, 2017

Here's the latest on the recent tax reassessment ordered by Delco judge.

1 comment:

  1. Here is the most vile part of the whole business from the article.

    "Murphy said a reassessment by law must be revenue neutral, so collectively taxpayers are not expected to pay more or less as a result, though some individual properties will pay more or less after a new basis is established.

    “If a county reassesses and the overall assessments go up 50 percent, the county is expected to then decrease the millage rate by a corresponding 50 percent,” he said. “So while we expect the total assessments will go up because they’re based on current values rather than 1998 values, then we would expect the millage rates would decrease.”"

    So us who who own homes that aren't new construction are going to now have to subsidize open space destroying new construction after somebody already agreed to purchase that new construction full well knowing what the assessment was.