Maryland’s highest court recently held that the tax court can value a property by relying on sale prices of comparable properties bought soon after a cutoff date for the assessment. In Ann Lane v. Supervisor of Assessments of Montgomery County, the Maryland Court of Appeals concluded that the Maryland Tax Court had properly taken into… Continue Reading
PA’s Commonwealth Court found that Fayette County waited to assess a property owned by Duke Energy Corp until a tax abatement ended instead of assessing it when Duke Energy upgraded the property because it lacked the money to conduct a proper assessment and wanted to wait until the property was taxable. The Court overturned a… Continue Reading
We recently had a significant victory in a large tax appeal case in Allegheny County, PA. The property included 2 office buildings that were being transitioned from a single tenant to a multi-tenant property. There were 2 years under appeal and, prior to our challenge, the assessed fair market value was $49 million. Our appraised… Continue Reading
Fox Rothschild has filed a class action on behalf of the owners of approximately 1,240 properties located in Philadelphia challenging recent legislation which “adopts” an artificially high Established Predetermined Ratio (EPR) for the 2013 tax year. Significantly, while the legislation expressly recognizes that real estate tax assessment in the City has become “increasingly at variance… Continue Reading
The Pennsylvania House of Representatives’ bipartisan House Select Committee on Property Tax Reform held two days of hearings in Harrisburg to review local government property tax collection, reassessments and local tax structures. The committee is conducting a review of Pennsylvania’s local tax structure. According to an article in PA Law Weekly, State Representative Tom Quigley,… Continue Reading
In Greth Development v. Berks County Board of Assessment Appeals, the Berks County trial court considered whether the tax assessment of individual lots of a residential subdivision should take into account “ongoing subdivision concerns, including cash flow, absorption rate of lot sales, and ongoing expenses.” The case involved a residential subdivision in which 25 lots… Continue Reading
Lehigh County has extended the deadline for filing informal reassessment challenges. The revised deadline is Thursday, March 22. Informal reviews give property owners the chance to sit down with an assessor and dispute the record. They can be requested online, in person, over the phone or by mail. More than 10,000 challenges were filed as… Continue Reading
The Philadelphia’s Board of Revision of Taxes (BRT) recently decided to apply the County of Philadelphia Common Level Ratio (CLR)–which had been reduced by Pennsylvania’s State Tax Equalization Board (STEB) from 32 percent to 18.1 percent–to property values as certified by the City of Philadelphia’s Office of Property Assessment (OPA). Our firm filed a Petition… Continue Reading
A Philadelphia judge recently dismissed a challenge by a group of Philadelphia taxpayers challenging the city’s tax assessment practices. The suit alleged that properties were “over assessed” due to alleged illegal and unconstitutional City Property Tax practices. The complaint took issue with the citywide moratorium on property tax reassessments that went into effect in January… Continue Reading
The Pennsylvania Commonwealth Court recently decided a tax assessment appeal involving a 486,086 square foot industrial facility in Erie County. The Court considered a number of important issues including: 1. Whether the taxpayer’s appraiser utilized a “value-in-use” methodology? 2. Whether the Court was entitled to split the difference between the appraiser’s values? 3. Whether the… Continue Reading
The deadlines to file a real estate tax assessment appeal are right around the corner. Below are some of the deadlines for Pennsylvania counties: Philadelphia October 3 (first Monday in October) Berks August 15 Bucks August 1 Chester August 1 Dauphin August 1 Delaware August 1 Lackawanna September 1 Lancaster August 1 Lehigh August 1… Continue Reading
Western Pennsylvania state legislators are advocating the creation of a uniform, statewide process to update property values.
21 Names Nominated for Philadelphia Board of Property Assessment Appeals
Philadelphia voters yesterday approved a charter change abolishing the 156-year-old Board of Revision of Taxes.
On May 18, 2010 (PA Primary Election Day), Philadelphia voters will decide whether the City’s Board of Revision of Taxes should be abolished. The BRT is an independent agency that sets the value of all properties in Philadelphia which determines the amount a property owner must pay in property taxes.
The Philadelphia Board of Revision of Taxes announced that the BRT will freeze reassessments on most Philadelphia properties for up to two tax years, or until every parcel can be reassessed.