Property Reassessment Results to be Presented Tuesday Night

Residents could get a sense Tuesday of how their municipal property taxes may be impacted this year as a result of the property reassessment, as the head of the appraisal company will present the final results of the process to the governing body during the public work session meeting.

Rick Del Guercio, owner of Appraisal Systems, Inc. is expected to address borough officials during the work session portion of the Feb. 14 council meeting.

Appraisers conducted the process during the fall months of 2011 completing exterior inspections of homes.  In January, all residential property owners received notice of the new assessment along with other pertinent information.

Property owners were given the opportunity to meet with a hearing officer hired by Appraisal Systems to go over some of the details of the reassessment and have questions and concerns addressed. These series of meetings were offered to property owners during a two week period in January with meetings set up at Borough Hall.  During this time property owners could also view sale sheets for all properties sold in 2011, figures which the reassessment was based on.

A record number of tax appeals and foreclosures in 2011 drove borough officials to have this process conducted as a way to ensure that properties were assessed fairly to the current state of the market.

The results of commercial properties were to be completed by the end of January, Mike Kronyak, borough administrator and chief financial officer told Patch last month.

Final numbers will determine how the results of the reassessment will affect municipal property taxes this year, officials have said. 

The results of the reassessment will redistribute how the borough’s taxes will be raised therefore some will pay more some will pay less, Kronyak explained at a recent council meeting. He has also stated previously that it is expected that the market shift may result in more of a tax burden on commercial properties.