Posted By Cliff Tuttle | July 5, 2012
The Dog Days of Summer came early;
Temperatures will be in the upper 90′s all week; and
The annual Common Level Ratio computations from the State Tax Equalization Board have been announced.
Allegheny County stands still at 1.17. That means that there has been only a 17% increase in the median sales price of real estate since 2002, when the ratio between land sale prices and assessed value was 1.0 by definition. More importantly, the median sales price did not increase over the prior year. Of course, since the 2012 assessments (except in rare occasions) were unchanged over 2010, that meant that sales prices have not advanced at all.
Of course, that is no consolation to those who saw their 2013 assessed values double, triple or more. If that is your condition, hopefully you appealed. Here are the numbers throughout the State.
| Post a Comment