The Real Estate Group’s attorneys have substantial experience representing residential and commercial property owners with property tax assessment appeals in Allegheny County and throughout Pennsylvania. Property taxes are based on a property’s assessed value. A property owner or the taxing authorities can challenge a property’s assessed value via a tax assessment appeal. The deadline to file a 2021 annual tax assessment appeal in Allegheny County is March 31, 2021.
The Impact of COVID-19 On Assessed Value
COVID-19 has had a significant impact on property values. Income producing properties have been particularly impacted. Many commercial properties have seen changes in income, expenses, vacancy and property stabilization. These factors, among others, have had a material impact on property values and can result in lower property taxes.
Many income producing properties have been forced to offer rent concessions or have had tenants close their businesses altogether due to the pandemic. Some industries have been hit particularly hard. Our Real Estate Group can assist you evaluate whether your property would make a good candidate for a reduction in assessed value via a tax appeal, and as a result lower property taxes, due to COVID-19.
Here is a link to Allegheny County’s website with additional information on tax assessment appeals: https://www.alleghenycounty.us/real-estate/assessment-appeals/index.aspx