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ktxhopem3276 t1_j9f2khg wrote

The base year for assessments is 2012 so they have an adjustment called the Common Level Ratio to account for inflation. It is currently 63.6% so they multiply the purchase price by that percentage to get an estimate of the property value in 2012.

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burritoace t1_j9fdzq6 wrote

Why would you assume an assessment at 65% of the actual purchase price is too high?

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Vozegro t1_j9few7b wrote

If anything you should be paying taxes on 100% of the purchase price. I bet you complain about people paying their fair share, yet you won’t.

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ktxhopem3276 t1_j9fmhj6 wrote

Replying to Vozegro (#1,901,185)

Nobody pays 100% because the assessments are equalizes to a bae year of 2012 and there is an annual adjustment for inflation called the common level ratio. There is a lawsuit over how to calculate the CLR because the county has been purposely submitting biased data. The county says house prices have only increased 19% or 2% a year since 2012 which is absurd and the judge set the ratio at a more accurate 63% or about 4% a year since 2012

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Flacka_0431 t1_j9fr835 wrote

The CLR (Common Level Ratio) for Allegheny County has been lowered significantly to 63.5% for 2022 and 63.6% for 2023. This means that the property assessment should be approximately 64% of the current market value of the property.

Your tax assessment of 65% seems very fair considering it is a brand new home. I doubt it is worth appealing to get that extra 1 percent off, to be honest.

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totorostar t1_j9fv2h1 wrote

Replying to burritoace (#1,901,103)

I haven't assumed, which is why I asked if this is a norm . I have heard people mention about the county increasing taxes and I just wanted to know if we need to act on it. Also, we have been getting mailers from lawyers , so mostly curious

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