"A property assessment initiated in 2017 was on track throughout 2018 for the county’s 202,399 residential and commercial properties. The assessment will determine the current market value of all properties to more fairly and equitably distribute the tax burden for school, municipal and county real estate taxes. The new values will be effective in 2021."
AKA the new construction and open space development tax break that's going to be paid for by homeowners who made a conscientious decision on where to buy a home based on the existing tax rates and assessments. We're all used to living under property taxes that can go up a few dollars a month from year to year, but what the county council just did by refusing to appeal a court ruling from a case pursued by TWO homeowners was unconscionable.
Had County Counsel authorized the filing of a frivolous appeal, now THAT would have been unconscionable, since it would have been a complete waste of money spent on a dead loser argument. The law requires periodic re-assessments in order to spread out the tax burden "equitably" based on property values. Get ready Media, it's going to hurt.
You actually think it will be that bad in Media? The largest burden is at the School District level - all of Rose Tree Media has gone up at roughly the same rate... if your average assessment goes from 130k to 400k overnight, they will reduce the millage rate by 130/400.
In Media Boro - likewise. Only place we'll get screwed is at the county level, as obviously parts of the county won't increase much if any.
No thanks to Swarthmore
ReplyDeleteWhy Swarthmore hating?
DeleteProbably the blue route again....
Delete"A property assessment initiated in 2017 was on track throughout 2018 for the county’s 202,399 residential and commercial properties. The assessment will determine the current market value of all properties to more fairly and equitably distribute the tax burden for school, municipal and county real estate taxes. The new values will be effective in 2021."
ReplyDeleteAKA the new construction and open space development tax break that's going to be paid for by homeowners who made a conscientious decision on where to buy a home based on the existing tax rates and assessments. We're all used to living under property taxes that can go up a few dollars a month from year to year, but what the county council just did by refusing to appeal a court ruling from a case pursued by TWO homeowners was unconscionable.
Had County Counsel authorized the filing of a frivolous appeal, now THAT would have been unconscionable, since it would have been a complete waste of money spent on a dead loser argument. The law requires periodic re-assessments in order to spread out the tax burden "equitably" based on property values. Get ready Media, it's going to hurt.
DeleteYou actually think it will be that bad in Media? The largest burden is at the School District level - all of Rose Tree Media has gone up at roughly the same rate... if your average assessment goes from 130k to 400k overnight, they will reduce the millage rate by 130/400.
DeleteIn Media Boro - likewise. Only place we'll get screwed is at the county level, as obviously parts of the county won't increase much if any.