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An ordinance of the County of Allegheny, Commonwealth of Pennsylvania, amending Article 210 of the Administrative Code of Allegheny County, entitled “Assessment Standards and Practices,” in order to establish tax-neutral assessed values for certain eligible County taxpayers.
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Whereas, the Administrative Code of Allegheny County, Article 210 is the County’s Assessments Standards and Practices ordinance; and
Whereas, the provisions contained within Article 210 do not currently contain any provisions relating to special tax-neutral assessments for any County taxpayers; and
Whereas, pursuant to Commonwealth law, specifically 16 P.S. §4902-A, a county of the second class “may, by adopting an ordinance or resolution, utilize the tax-neutral assessed value when levying the real property tax on the homestead of a qualified owner-occupant after a mandated county-wide reassessment.”; and
Whereas, pursuant to this same statute (at 16 P.S. §4903-A), the tax-neutral assessed value of a property is established such that “the assessed value of the homestead of a qualified owner-occupant shall not exceed the base year assessed value of the homestead multiplied by the tax-neutral ratio for the school district in which the homestead is located.”; and
Whereas, the tax-neutral ratio, as defined in 16 P.S. §4901-A, is “the ratio computed by dividing the total assessed values for all properties in the school district in the first year after a mandated county-wide reassessment by the assessed values for all properties in the school district in the year immediately prior to a mandated county-wide reassessment.”; and
Whereas, although the application of a tax-neutral assessed value only applies to court-ordered reassessments and within political subdivisions that have adopted a tax-neutral assessed value ordinance, and eligibility for the program is limited to homestead properties owned by individuals who qualify for rebates under the Commonwealth’s Senior Citizens Reb...
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