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PH budget numbers stay same for now
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By Patrick Varine
Published: Thursday, January 3, 2013, 3:12 p.m.
Updated: Thursday, January 3, 2013
Penn Hills officials will wait to see what happens with more than $109 million in property-tax appeals before making a final decision on the specifics of the 2013 budget.
The overall reassessment for Penn Hills shows a 9.3 percent increase in taxable property.
The municipality in 2012 had about $1.52 billion in taxable properties, and according to numbers released Dec. 21 by county officials, and following the recent reassessment, Penn Hills has $1.67 billion in taxable properties.
Overall, the municipality's assessed value has grown by 12 percent ($1.68 billion in total property in 2012; $1.88 billion in 2013). Taxes will be assessed on 20,318 of the municipality's 20,767 total properties — about $215 million worth of properties are considered tax-exempt.
However, the numbers released by the county do not take into account the property-tax appeals from Penn Hills residents yet to be heard.
Municipal Manager Moe Rayan said at a previous budget hearing that municipal officials were anticipating a roughly 8 percent overall increase in Penn Hills property values, and the county's numbers hew close to that projection. Rayan said that resident property appeals that are still unresolved total almost $110 million.
The projected millage rate in the 2013 municipal budget is 5.444 mills, and Rayan said an adjustment would not be necessary based on the county's projected numbers.
“(But those appeals) have not been heard as of the issuance of those figures,” Rayan said. “The municipality will adjust its budget upon receipt of the final figures.”
Rayan said council has the authority to reopen and adjust the budget in 2013. Council met Dec. 31 for the final time in 2012 to take a vote on the budget as proposed. That meeting took place after the deadline for this issue of the Penn Hills Progress — visit YourPennHills.com for the latest information.
Patrick Varine is an editor for Trib Total Media. He can be reached at 412-320-7845 or pvarine@tribweb.com.
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