The system of real estate taxation in Pennsylvania is quite complex, resulting in many owners of commercial, industrial, or residential properties paying more than their “fair share” of real estate taxes. With tax appeal deadlines rapidly approaching, now is a good time to acquaint yourself with how Pennsylvania’s system of real estate taxation works, so that you may properly evaluate the potential for an appeal of your tax assessment for the coming tax year.
The amount of taxes that you owe annually is determined by taking the “assessed value” of your property for real estate tax purposes and multiplying it by the combined millage rates of the various taxing jurisdictions in which your property is located. Typically, your taxing jurisdictions are comprised of the County, School District, and Township in which your property is located.
