Assessment appeals cost Sharpsburg money
Sharpsburg officials will start their budget process in October but Councilman Matthew Rudzki warned that the borough could have a challenge.
The borough's tax base has dropped to $115.2 million, from $120.5 million last year.
That has meant about $35,000 lost in tax revenue.
The drop is due to successful appeals following Allegheny County property reassessments, Rudzki said.
The borough refunded about $30,000 in real estate taxes after appeals.
“That might not seem like a lot of money but for a small borough like Sharpsburg, it is a ton of money,” Rudzki said.
The current tax rate is 6.47 mills with an additional 0.15 mills for the Sharpsburg Volunteer Fire Department.
Rudzki said if budget numbers stay the same, that rate could increase to 6.85 mills along with 0.15 mills for the fire department.
Rudzki noted that borough officials won't begin finalizing the budget for 2015 until October, meaning that the situation could change.
“I'm not saying we're raising taxes,” Rudzki said. “I'm saying where we are now and how it affects the borough.”
Rudzki said with the numbers he presented, homeowners would pay an additional $19.11 in taxes per year for a property with the average assessed value of $50,300.
Tom McGee is a staff writer for Trib Total Media. He can be reached at 412-856-7400, ext. 1513, or email@example.com.