Pittsburgh Reassessment Mania!

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Pittsburgh Reassessment Mania!

Postby pittsoccer33 on Fri Dec 30, 2011 10:49 am

http://postgazette.com/pg/11364/1200184-53.stm

Mr. Milesky's parking space in the bottom of a Grandview Avenue parking garage, beneath a condominium building, is its own separate parcel for taxation purposes. The county has long valued the 18- by 10-foot space at $5,000. But the assessment notice he got in the mail on Wednesday said the space is worth, for tax purposes, $287,800.

That's more than his condo, which has a new assessment of $228,700, up around $55,000 from its prior valuation.


My property tripled in assessed value somehow. I guess it would have quadrupled without Rendell's gambing plans?
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Re: Pittsburgh Reassessment Mania!

Postby mac5155 on Fri Dec 30, 2011 10:52 am

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Re: Pittsburgh Reassessment Mania!

Postby Point Breeze Penguins on Fri Dec 30, 2011 10:53 am

I'll never understand why folks continue to flee the city and county. :pop:
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Re: Pittsburgh Reassessment Mania!

Postby mac5155 on Fri Dec 30, 2011 10:54 am

Suddenly driving 140 miles a day doesnt sound too bad
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Re: Pittsburgh Reassessment Mania!

Postby newarenanow on Fri Dec 30, 2011 11:00 am

While the one thing you quoted is probably a big mistake and will be corrected, this whole thing has been a mess.

They make some good points that because this was rushed, they are taking values of lands that are not developed and assessing the same sales price for those to lands that are already developed, which typically is not the same.

I hope they fix this mess.
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Re: Pittsburgh Reassessment Mania!

Postby newarenanow on Fri Dec 30, 2011 11:01 am

mac5155 wrote:http://postgazette.com/pg/pdf/201112/20111230officials_property_assessment.pdf

jhaha mayor luke trollenstahl


:lol: His place didnt' even increase in value.
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Re: Pittsburgh Reassessment Mania!

Postby Malkamaniac on Fri Dec 30, 2011 11:02 am

mac5155 wrote:http://postgazette.com/pg/pdf/201112/20111230officials_property_assessment.pdf

jhaha mayor luke trollenstahl


lolol why is that his property is the only one that didn't increase at all?
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Re: Pittsburgh Reassessment Mania!

Postby viva la ben on Fri Dec 30, 2011 11:09 am

Steelerstahl doesn't own the property, but still he's probably doing his landlord a solid
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Re: Pittsburgh Reassessment Mania!

Postby viva la ben on Fri Dec 30, 2011 11:11 am

And mine went up ~ 30% guess I'm "lucky"

Make sure you have the act 50 homestead exception, every little bit helps
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Re: Pittsburgh Reassessment Mania!

Postby Letang Is The Truth on Fri Dec 30, 2011 11:26 am

how does it work with the people that bought for 0 and 1 dollars?
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Re: Pittsburgh Reassessment Mania!

Postby mac5155 on Fri Dec 30, 2011 11:41 am

Letang Is The Truth wrote:how does it work with the people that bought for 0 and 1 dollars?


Goes by value i believe not purchase price. Unless you're asking how they "bought" their homes for $1, in which case, it may have been from a family member.
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Re: Pittsburgh Reassessment Mania!

Postby pittsoccer33 on Fri Dec 30, 2011 11:44 am

Square footage, comparables, neighborhood averages, etc all factor in to it. You can bring an appraiser in and have a real human look at the value, and then file an appeal. T

The people who will get hardest hit are the elderly people who bought their houses on the South Side/Lawrenceville/Bloomfield 50 years ago. Those homes are all probably assessed at 50k, whereas in reality they could get triple or quadruple selling them. So they really are all probably underassessed, at least one the ones they are being kept up.
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Re: Pittsburgh Reassessment Mania!

Postby thehockeyguru on Fri Dec 30, 2011 11:46 am

Letang Is The Truth wrote:how does it work with the people that bought for 0 and 1 dollars?


My guess is that there was a transfer of the deed at that point, be it through divorce or some other means. Technically since there was a change of ownership of the house from one person to two or from two to one a transaction needed to take place.
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Re: Pittsburgh Reassessment Mania!

Postby mac5155 on Fri Dec 30, 2011 11:54 am

My grandmother's house value is something like $9,000. If it was put on the market today I don't think they would take less than $160,000 for it. Westmoreland Co FTW.
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Re: Pittsburgh Reassessment Mania!

Postby Eismann on Fri Dec 30, 2011 12:06 pm

99%-ers need to pay their fair share.

:pop:
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Re: Pittsburgh Reassessment Mania!

Postby TheHammer24 on Fri Dec 30, 2011 2:25 pm

pittsoccer33 wrote:Square footage, comparables, neighborhood averages, etc all factor in to it. You can bring an appraiser in and have a real human look at the value, and then file an appeal. T

The people who will get hardest hit are the elderly people who bought their houses on the South Side/Lawrenceville/Bloomfield 50 years ago. Those homes are all probably assessed at 50k, whereas in reality they could get triple or quadruple selling them. So they really are all probably underassessed, at least one the ones they are being kept up.

Yeah I completely agree. The Carson Street properties have all been purchased and flipped for big $$$. It's not surprising that these properties are tripling in assessment revaluing.
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Re: Pittsburgh Reassessment Mania!

Postby newarenanow on Fri Dec 30, 2011 2:34 pm

TheHammer24 wrote:
pittsoccer33 wrote:Square footage, comparables, neighborhood averages, etc all factor in to it. You can bring an appraiser in and have a real human look at the value, and then file an appeal. T

The people who will get hardest hit are the elderly people who bought their houses on the South Side/Lawrenceville/Bloomfield 50 years ago. Those homes are all probably assessed at 50k, whereas in reality they could get triple or quadruple selling them. So they really are all probably underassessed, at least one the ones they are being kept up.

Yeah I completely agree. The Carson Street properties have all been purchased and flipped for big $$$. It's not surprising that these properties are tripling in assessment revaluing.


While I agree the values should have gone up, for the reasons you guys stated, I think they hurried this based on the judges decision and did a lot of half assing with regards to this.
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Re: Pittsburgh Reassessment Mania!

Postby Troy Loney on Tue Jan 03, 2012 11:07 am

From what I understand, while the property values are going up. They can't just tax you more, they redo the millage to assure that your still paying the same taxes in proportion to the total of the value that was assessed. So your taxes are only going up if your assesment when up by over 33%.
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Re: Pittsburgh Reassessment Mania!

Postby npv708 on Tue Jan 03, 2012 11:11 am

Yay for not living in Pittsburgh nor being a homeowner!!!
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Re: Pittsburgh Reassessment Mania!

Postby Kraftster on Tue Jan 03, 2012 11:24 am

Troy Loney wrote:From what I understand, while the property values are going up. They can't just tax you more, they redo the millage to assure that your still paying the same taxes in proportion to the total of the value that was assessed. So your taxes are only going up if your assesment when up by over 33%.


What I don't get about this is they still have to do a standard millage rate in each muni, so unless the increases are uniform, some people are going to see increases, some will see decreases, and probably the smallest group of all will see no change.
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Re: Pittsburgh Reassessment Mania!

Postby Troy Loney on Tue Jan 03, 2012 11:47 am

Kraftster wrote:
Troy Loney wrote:From what I understand, while the property values are going up. They can't just tax you more, they redo the millage to assure that your still paying the same taxes in proportion to the total of the value that was assessed. So your taxes are only going up if your assesment when up by over 33%.


What I don't get about this is they still have to do a standard millage rate in each muni, so unless the increases are uniform, some people are going to see increases, some will see decreases, and probably the smallest group of all will see no change.



I don't really get it either. All I heard that i understand was this. The county can't just perform a reassesment, give everyone a higher value, and then collect more taxes based on these new assesments. So the new value of your home or commercial property will be compared to the new total of all the count values. (I think), and the millage rates will be adjusted so that your paying the same proportion (home value to total county value) as before.

I really hate how some people are publicly complaining and have sob stories about their property values going up from like $7000 to like $50,000. There is no way your house is worth $7000. A 7000 house in the city is completely unlivable and you've been tax dodging for years, you don't just get away with that forever.
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Re: Pittsburgh Reassessment Mania!

Postby Kraftster on Tue Jan 03, 2012 11:53 am

Yeah, I agree on the sobbing. It sucks, but the assessments are ridiculously low in many parts of the cities, even including newer construction town homes. A countywide reassessment was necessary.
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Re: Pittsburgh Reassessment Mania!

Postby newarenanow on Tue Jan 03, 2012 11:56 am

Kraftster wrote:Yeah, I agree on the sobbing. It sucks, but the assessments are ridiculously low in many parts of the cities, even including newer construction town homes. A countywide reassessment was necessary.


And I agree as well. The homes were severly undervalued.

My only complaint (and I'm not even affected by this), is that they could have educated people better and proceeded in a more organized fashion.

I know that is easy for me to say as I know there are a ton of homes to assess and they had a short amount of time.

But in the end, once everything gets worked out and this mess is resolved, I think it won't be as big a deal as people are making it out to be.
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Re: Pittsburgh Reassessment Mania!

Postby Kraftster on Tue Jan 03, 2012 11:58 am

newarenanow wrote:
Kraftster wrote:Yeah, I agree on the sobbing. It sucks, but the assessments are ridiculously low in many parts of the cities, even including newer construction town homes. A countywide reassessment was necessary.


And I agree as well. The homes were severly undervalued.

My only complaint (and I'm not even affected by this), is that they could have educated people better and proceeded in a more organized fashion.

I know that is easy for me to say as I know there are a ton of homes to assess and they had a short amount of time.

But in the end, once everything gets worked out and this mess is resolved, I think it won't be as big a deal as people are making it out to be.


Agreed.
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Re: Pittsburgh Reassessment Mania!

Postby IanMoran on Tue Jan 03, 2012 12:03 pm

Yea, this needed to happen... and when you're doing this many homes 1 mistake (What this has to be) is bound to happen
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