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An Ordinance of the County of Allegheny, Commonwealth of Pennsylvania amending Article 210 of the Administrative Code of Allegheny County, "Assessment Standards and Practices," by adding new terms to the Article and defining the meanings of these new terms; amending certain definitions of terms previously included in Article 210; imposing a percentage limitation on any increase in the valuation of any object of taxation resulting from a countywide reassessment and creating a taxable value to be used by all taxing jurisdictions within the County for the levying of property taxes; and amending the time period in which appeals of a valuation made as part of a countywide reassessment for use in the 2006 Tax Year may be filed with the Board of Property Assessment Appeals and Review.
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Whereas, the County's Office of Property Assessments recently completed a preliminary computer-assisted revaluation of all parcels of property within the County for the use of all local taxing jurisdictions in levying property taxes in the 2006 tax year and in subsequent tax years, hereinafter "the 2006 Countywide Reassessment;" and
Whereas, a preliminary analysis of the 2006 Countywide Reassessment shows: (1) an overall increase of approximately twenty percent in the valuation of all parcels of property within the County; (2) seventy-nine percent of all residential properties would experience some increase; and (3) 199,000 out of 500,000 residential properties would experience an increase of over twenty percent; and
Whereas, the property valuations produced in the course of the 2006 Countywide Reassessment, although appearing to be technically accurate and in compliance with IAAO Standards incorporated into Article 210 of the Administrative Code, nevertheless are subject to lingering questions and criticism due to a number of factors, including without limitation, the following:
1. the lack of a representative number of valid property sales for use as...
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