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Allegheny Co. reassessments met with mixed emotions by homeowners
(MedleyStory)
Fri, February 3, 2012, 3:36 PM

Allegheny County homeowners have been very vocal in response to the recent reassessment numbers, but experts said it’s important to consider all factors. Dan Murrer, the vice president of RealSTATs, a real estate information company in Pittsburgh, said the property reassessments don’t show the whole picture. “Even though some assessments are going up, that doesn’t necessarily mean that taxes are going up,” Murrer said. “That’s what we are bringing, clarity to the assessment situation.” According to RealSTATs, the top areas that will see taxes increase are Lawrenceville, Southside and Bloomfield. Murrer said redevelopment is the main cause. “People are investing and putting money into their homes and driving the prices up,” Murrer said. “Because the assessments are based on comparable sales, that’s driving the increases in those neighborhoods.” Katie Jones lives in Lawrenceville and said she hopes the extra tax money is used wisely. “I’m not terribly surprised,” Jones said. “I just hope they do something good with the extra money.” Murrer said there are plenty of neighborhoods that will see taxes go down. Carrick, Mount Oliver, Overbrook and Homewood are some of the many, he said. According to RealSTATs, 54 percent of property owners in Pittsburgh will see their taxes drop with the reassessments.  

Click here to read the full story at MedleyStory

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