Allegheny County’s 2019 taxable values
Based on the 2019 County Assessment Roll the total value of taxable real estate in Allegheny County is $80.2 billion. This total was comprised of $55.2 billion in residential and $24.9 billion commercial and is a 1.7 percent increase over the 2018 value of $78.9 billion.
Municipalities that increased well in excess of the year-over-year change countywide included Marshall (8 percent), Sharpsburg (7.9 percent), Ohio (6.3 percent) and Robinson (5.4 percent). Two Mon Valley communities, West Homestead and West Elizabeth, fell the greatest at 2.9 percent and 3.6 percent, respectively.
The City of Pittsburgh’s taxable value grew by over $400 million to stand at $19.3 billion, a 2.3 percent increase. In the seven communities with at least $2 billion in taxable value, only Monroeville saw its taxable value decrease from 2018 ($2.2 billion to $2.1 billion, a 1.9 percent drop). Ross had the greatest year-over-year increase at 3.3 percent.
Overall, 88 municipalities saw their taxable assessed value increase in 2019 while 40 experienced a decrease.
With no countywide reassessment in sight the changes in value, either positive or negative, arise from new construction, improvements, demolition and appeals. It is worth mentioning that the state should mandate a regular cycle of reassessments in order to bring predictability to the process. Every year of delay just stretches out the problems associated with going a long time between updates to all values.