How outdated property assessments affect schools, roads and more

Dated: July 4 2024

Views: 76

Property taxes are a primary source of revenue for Pennsylvania’s more than 2,500 municipalities. Various state and local regulations govern how the taxes are levied by counties, municipalities and school districts, but they do not mandate regular property assessment updates, which determine how much a property is worth. Outdated property assessments affect schools, roads and other quality-of-life issues, but county leaders may be reluctant to initiate reassessments. It's also a thorny issue for state lawmakers. To unpack the issue and potential solutions, Spotlight PA held a free panel discussion on property reassessment, how it affects municipal budgets, and what it means for Pennsylvania taxpayers. A recording is available here. 
Source: Spotlight PA; 6/12/2024

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Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

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