Wednesday, November 23, 2011

Want to pay less in real estate taxes?

In Pennsylvania, your real estate taxes are calculated by multiplying your assessed value (set by your county's Board of Assessment) by the millage rates that applies for your local governmental entities (depending on the county, the municipality, the county and the school district).

You can lower your tax bill by filing a successful property tax appeal.

Generally, you should consider filing a property tax appeal if:
1.  The value of your property has dropped; or
2.  The building on your property (whether it is your home or a commercial building your own) has been substantially damaged by a fire, flood or similar casualty, decreasing its value by 50% or more.

You can find more information on assessment appeals on our website by clicking here

I'll be posting more details and considerations.

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