TribLIVE

| Neighborhoods


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Upper St. Clair again lowers real estate taxes

Daily Photo Galleries

Allegheny Neighborhoods Photo Galleries

Wednesday, March 6, 2013, 5:27 p.m.
 

Upper St. Clair lowered its real estate tax rate for the second time in four months so a 20 percent jump in property values following the county's reassessments wouldn't create an illegal windfall as prohibited by state law.

The total value of property in Upper St. Clair rose about 20 percent in the court-mandated reassessment that took effect this year, to about $2.03 billion, said Finance Director August Stache.

Because state law prohibits municipalities and school districts from reaping a large benefit from the sudden increase in tax revenue, the commissioners lowered the rate from 3.9 mills to 3.83 mills Monday night.

That would mean a property tax bill of $383 a year on every $100,000 of a property's assessed value.

Tax bills will be mailed on May 1.

Residents whose assessments increased by 20 percent or less would have their taxes stay the same or decrease; those whose assessment rose more than 20 percent would see their taxes go up, Stache said.

“If your assessment went up 15 percent, you'll see a decrease in your taxes; if it went up 25 percent, you'll see about a 5 percent increase in your taxes,” he said.

About $53 million in assessment appeals were still waiting to be decided, but Stache said their outcome should have little effect on the township's $18.82 million budget.

The budget approved by commissioners in December had lowered tax rates by about 15 percent in anticipation of the assessment increase. Monday's vote was the second time the millage was lowered in order to remain revenue-neutral.

Matthew Santoni is a staff writer for Trib Total Media. He can be reached at 412-380-5625 or msantoni@tribweb.com.

Add Matthew Santoni to your Google+ circles.

 

 

 
 


Show commenting policy

Most-Read
Allegheny Neighborhoods

  1. Western Pa. business owners urge shoppers to think small
  2. Bethel Park students record books for hospital
  3. North Allegheny redistricting prevented crowding in schools, officials say
  4. Mt. Lebanon staffers become hunters to attack deer problem
  5. McCandless to buy back property for $250K
  6. Young Achiever: Dylan Marino
  7. Junior Achievement of Western Pa. marks 75th anniversary
  8. Home-schooled students from North Hills advance in robotics competition
Subscribe today! Click here for our subscription offers.