Showing posts with label Allegheny County Controller. Show all posts
Showing posts with label Allegheny County Controller. Show all posts

Friday, March 29, 2013

Property Tax Windfall Watch 2013

The Allegheny County Controller's office has posted this information Property Tax Windfall Watch 2013 on their website.


Municipality2012 Millage2013 Millage% Change Millage % Change CAV2012 Certified Assessed Value2013 Certified Assessed Value

Mount Lebanon5.43 TBDTBD27%$2,174,705,011$2,765,981,183

A resident wrote to the school board asking why not use the 2013 Certified Assessed Value of $2,765,981,183.

For the Board, Elaine Cappucci sent this response.

The District has not yet begun using the County's 2013 assessments because the total valuation amount is still changing, as stated clearly on the website you linked to: "While the Controller’s Office understands that the 2013 Certified Assessed Value totals will be impacted by the results of pending appeals and other factors, in the interest of transparency we are providing at this time a comparison of millage rates and certified assessed values for each municipality and political sub-division in Allegheny County."
The information on the County website includes appeals and settlements to date, yet within Mt. Lebanon there are still many appeals outstanding and yet to be filed and most commercial appeals have not yet been heard. The county assessment number will likely change and so the District is waiting to set the assessment value, which will allow us at that time to use the most accurate valuation that reflects the appeals. For the Board,
Elaine CappucciPresident, Mt. Lebanon School Boardecappucci@mtlsd.net

I am concerned with this logic since the County website admits that the process could take a year or longer. 

The information below is for education and informational purposes only based on data available through the Allegheny County Office of Property Assessment as of December 13, 2012. All of the values remain approximations because the final Certified Assessed Value cannot be determined until all assessment appeals are finally determined and adjudicated, which may take one year or longer.
With the budget meeting coming up on April 2, the school district website shows that a proposed budget will be approved 13 days later.
"A proposed budget is expected to be approved by the Board at the April 15 meeting with approval of a final budget on May 20, 2013."