The next reassessment of Lancaster County is right around the corner. Periodic reassessments are required by law. This is the first one since 2005. There was a reassessment scheduled to occur in 2013, but due to the economic recession, it was delayed four years. What does this mean for you?
Since 2005, the number of properties in the county has gone up from 178,000 to 190,000. This reassessment will balance property values for fair taxation. This is not intended to create new revenue for taxing bodies. About one-third of property owners will see an increase in taxes, one-third will see a decrease, and the other third will remain about the same.
Preliminary figures are expected to be mailed out in early March. If you have any questions on your report, there will be County workers set up at Park City Mall. They will be set up in the community room, near the Kohl’s entrance from March 13-31 to review information. Their hours of operation will be from 10 a.m. to 8 p.m. daily. If you have questions, you can call 717-390-7742 or e-mail [email protected].
New values will go into effect Jan. 1, 2018 for county and municipal bodies, and July 1,2018 for school districts. Once this happens, taxing bodies must adjust millage rates to maintain and even revenue stream. Assuming that there will be an overall increase in property values, millage rates would be reduced.
Final reassessments will be mailed the first week of June. Property owners will have 40 days to file a repeal. Appeal hearings will be scheduled to occur in October.