Reassessment 2012: Does Rich Fitzgerald Really Believe His Own Message?
No. 787 According to today’s Post Gazette, Rich Fitzgerald says that he will let the current reassessment go through once there is a uniform statewide reassessment program. He says it is unfair for Allegheny County to have assessments based upon current sales data, while the other counties use historic data that, in some cases, is […]
Reassessment 2012: Show Me the Comps!
All is quiet, for the moment. Informal hearings have been cancelled. The County has certified the 2002 values. But that will probably not stand. Judge Wettick has ordered a number of senior staff of the County Assessment Office to comply with his prior orders, setting the stage for a contempt citation that includes a larger group than County Executive Fitzgerald. And so we wait.
Reassessment 2012: Land Value is Meaningless.
No. 783 I have been hearing from clients with properties in the City that their building values seem reasonable (or even went down) but the land values have soared, making the total much higher. Be aware that the total value is the only number that counts. Nobody buys land and buildings separately. Assuming that there […]
Reassessment 2012: Fudge Factor?
No. 780 Just a thought: Is the increase in the land component of assessments a way to fudge assessment increases in neighborhoods or locations where the assessors think values should be rising? If so, don’t accept any fudge that is half-baked. [Apologies to King’s Family Restaurant for the photo.] CLT
Reassessment 2012: Give Me Land Lots of Land — well, not so much.
No. 779 We’re hearing that the assessors have been increasing the land value in the City on some properties much more than the value of improvements. I saw one today where the building value of a four unit apartment building went down a significant amount but was more than offset by an enormous increase in […]
Reassessment 2012: What About All Those Sheriff Sale Properties?
No. 778 From all reports, the assessment notices that started arriving in City and Mt Oliver mailboxes yesterday were full of assessment values that are double and triple the 2002 numbers. With all of the sheriff sale properties on the market, how can this be? Good question. The Sheriff’s deed, which frequently represent a very […]
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