NY Times lists Pittsburgh as having some of the most affordable homes in the country as compared to household income. (https://www.nytimes.com/2022/12/15/realestate/where-are-the-most-and-least-affordable-homes.html)tesla3by3 t1_j0lrdp5 wrote
Reply to comment by Knightro2011 in NY Times lists Pittsburgh as having some of the most affordable homes in the country as compared to household income. (https://www.nytimes.com/2022/12/15/realestate/where-are-the-most-and-least-affordable-homes.html) by Far_Room23
The reason the county is not reassessing is 100% politics. A reassessment would result in a significant number of people (voters) having their taxes increased. Even if they coupled it with a decrease in millage so there wouldn't be an overall l revenue windfall to the County/School, there would be winners and losers.
chrisms150 t1_j0n82rw wrote
Yep, it's bullshit. Just because you paid $5 and a pack of chewing gum for your house in 1950 doesn't mean it's worth that today. Property tax should be on the current value. Otherwise you discourage new people moving in significantly.
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