For three years, Central Bucks School District has not been able to collect the tax revenue because of the property assessments being too low. Throughout the county in 2009, thousands of assessment appeals were filed by property owners who were successful in their appeals. 46 percent of the 5,200 filed, were granted a total of $4 million in tax relief, which the schools no longer receive.
The school district has spent $20,000 the past years trying to reclaim some of that revenue; the effort was a complete failure. In 2011, the appeals didn’t even make it to the board because of a technical problem. Trying again, this year the school district is hoping to get an additional $772,000 in taxes by challenging the assessments of 37 homes and eight commercial properties.
At Thursday night’s assessment appeal hearings, it’s not looking good for Central Bucks School Distrcit. Attorneys, real estate agents, appraisers and residents all spoke at the hearings, pointing out all the problems with the appeals. Representing 25 of the 37 property owners, an attorney said the school district had failed to meet its burden of proof in every single appraisal he looked at. Is Central Bucks looking at failure again?
To read more…
No comments:
Post a Comment