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Total Property Value Up 0.3% Since 2013

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The 2015 certified values were released by the County last week, and it shows that the value of all real estate (taxable, exempt, and public utility property value) is $98,359,690,447. Of that total $75.2 billion (76%) was taxable, $23 billion (23%) was exempt, and public utility property at $92.3 million (1%).

Since the 2013 reassessment and the certification of total value of $98,030,298,609, values are up 0.3%. Since there has not been a reassessment since then the growth has to be attributed to new construction, improvements, and appeals likely undertaken by school districts and/or municipalities.

If we look at taxable and exempt growth, the former increased 0.28% between 2013 and 2015 and the latter increased 0.53% in that same time frame. While exempt property includes charitable non-profits, it also includes publicly-owned property, churches, colleges, etc.

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Allegheny Institute
Allegheny Institute

The Allegheny Institute is a non-profit research and education organization. Our mission is to defend the interests of taxpayers, citizens and businesses against an increasingly burdensome and intrusive government.

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