Measuring the Changes in Certified Assessed Values
Prior to Christmas and New Year’s Day, back on December 20th, Allegheny County certified assessed values for 2013. It will take until the end of January for local governments operating on a calendar year for their fiscal year to finalize millage rates for 2013 tax bills. School districts, with the exception of the Pittsburgh Public Schools, operate on a July-June fiscal year but with Act 1 governing budget development that process will begin rather soon.
Appeals of initial values have adjusted the aggregate changes for the County, municipalities, and school districts. As reported after the certification, the County as a whole will see values rise 32%, from $64.1 billion to $84.5 billion. Earlier in 2012 it was projected that the County would rise to $86.8 billion, a 35% increase.
A quick look at values sorted by school district (there are 43 in Allegheny County) shows a few with what could be considered sizeable drops in the initial projections of assessment changes. Pittsburgh (Pittsburgh and Mt. Oliver) was initially projected to increase 55%; now it will rise 48% under certified numbers; Cornell (Coraopolis and Neville) was initially set to rise 42%; now values are expected to rise 26.7% (in initial 2012 numbers Neville Township was projected to rise 95%, and now the certified numbers show the municipality’s values climbing 56%); Wilkinsburg, Allegheny Valley, McKeesport Area, and Quaker Valley are others that will see somewhat significant drops in what was originally projected to be their assessed value increases.
Only one district, Steel Valley (Homestead, Munhall, and West Homestead) saw even the slightest uptick in values from initial to certified, rising from 25.4% early in 2012 to 25.5% in the certified numbers.