A dramatic drop in the Harrisburg Mall‘s tax assessment means Dauphin County, a municipality and school district are collecting an estimated $838,164 a year less in revenue than they did in 2010.
The new value of the mall is $7.987 million — less than one-eighth of the nearly $66.5 million assessed in 2010 and less than half of its 2012 assessment of $17.65 million.
For Swatara Township, that lost revenue, in part, contributed to the township’s need to raise taxes in past years.
Central Dauphin School District remained aware of the property’s decreasing value and took that into consideration concerning its budget. For Dauphin County, the most recent drop means the loss of less than one-half of a percent of the county’s annual budget.
Read more: http://www.pennlive.com/midstate/index.ssf/2013/06/harrisburg_mall_assessment_dro.html#incart_m-rpt-1