Reply to Help me understand property taxes in Pennsylvania

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Having just bought a $1mm+ house on the main line from out of state, I was told by my realtor that. they simply never update the assessments. Instead, they increase the tax rate when more funds are needed. This actually makes a lot of sense and does not result in, say, new homeowners paying astronomically higher taxes than people who have been in their house longer. This I'm sure varies by municipality. But the assessed value of the home I just bought is approx 1/3 of the price I paid.[/quote]

Ima previous poster. We were told the same thing by our realtor.  Then a year after we bought our school district requested a spot assessment of just our home. The county did that and adjusted it up to our purchase price. Which doubled our tax amount. Then covid hit and our schools went from being rated 7 to 3. So, we don't have good schools.  So, after the kids are out of school in a few years we will move to. Shame on us for believing our realtor. Expensive lesson learned. [/quote]

What town was this?[/quote]

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