Pittsburgh Reassessment Mania!

[pittsoccer33]

http://postgazette.com/pg/11364/1200184-53.stm" onclick="window.open(this.href);return false;

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?

[mac5155]

http://postgazette.com/pg/pdf/201112/20 ... ssment.pdf" onclick="window.open(this.href);return false;

jhaha mayor luke trollenstahl

[Point Breeze Penguins]

I'll never understand why folks continue to flee the city and county.

[mac5155]

Suddenly driving 140 miles a day doesnt sound too bad

[newarenanow]

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.

[newarenanow]

http://postgazette.com/pg/pdf/201112/20 ... ssment.pdf

jhaha mayor luke trollenstahl

His place didnt' even increase in value.

[Malkamaniac]

http://postgazette.com/pg/pdf/201112/20 ... ssment.pdf

jhaha mayor luke trollenstahl

lolol why is that his property is the only one that didn't increase at all?

[viva la ben]

Steelerstahl doesn't own the property, but still he's probably doing his landlord a solid

[viva la ben]

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

Make sure you have the act 50 homestead exception, every little bit helps

[Letang Is The Truth]

how does it work with the people that bought for 0 and 1 dollars?

[mac5155]

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.

[pittsoccer33]

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.

[thehockeyguru]

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.

[mac5155]

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.

[Eismann]

99%-ers need to pay their fair share.

[TheHammer24]

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.

[newarenanow]

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.

[Troy Loney]

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%.

[npv708]

Yay for not living in Pittsburgh nor being a homeowner!!!

[Kraftster]

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.

[Troy Loney]

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.

[Kraftster]

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.

[newarenanow]

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.

[Kraftster]

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.

[IanMoran]

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