News Briefs
Stay up to date on current News & Issues.
Bucks County -
Route 202 question-and-answer session held in Doylestown Township
Chester County -
Groundbreaking set for Coatesville Riverwalk Project
Delaware County -
Chester prepares five-year plan for HUD grant
Montgomery County -
Montgomery County Partners for Home Ownership Housing Fair 2010
Property Taxes
5 Property Tax Questions You Need to Ask
- What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information.
- How often are properties reassessed and when was the last reassessment done? Generally taxes jump most significantly when a property is reassessed.
- Will the sale of the property trigger a tax increase? Often the assessed value of the property may increase based on the amount you pay for the property. And in some areas, such as California, taxes may be frozen until resale.
- Is the amount of taxes paid comparable to other properties in the area? If not, it might be possible to appeal the tax assessment and lower the rate?
- Does the current tax bill reflect any special exemptions that you might not qualify for? For example, many tax districts offer reductions to those 65 or over.
Read more about the Property Assessment Appeals Process.
