Pittsburgh Residential Assessments Jump 46 Percent

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The city of Pittsburgh‘s residential properties are now assessed at a total of $10.78 billion, up 46 percent from their prior assessment of $7.33 billion, officials said in the courtroom of Allegheny County Common Pleas Judge R. Stanton Wettick Jr. today.

“That would mean everyone whose assessment went up by one-third would actually be paying fewer taxes, if the commercial came in at that amount” of increase, Judge Wettick said.

The city and school district must lower their millage, he noted, so they do not take an illegal windfall from the county’s reassessment.

Read more: http://www.post-gazette.com/pg/11364/1200250-100-0.stm#ixzz1i2sm26oj

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