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Increased Property Taxes

York County, Pennsylvania reflects the trend of increasing property taxes over the last ten years.  A homeowner in the York Suburban district discusses that his home was worth $489,000 in 1997 and his tax bill (school and property) was about $4000.00.  Currently, his home is worth $518,000 and his tax bill is $9800.00.  The homeowner has said, “at this rate it won’t be long until his property taxes cost more than $20,000.  I don’t know where to turn anymore.”

This homeowner is not alone in Pennsylvania and will surely not find lower property taxes in New Jersey, New York or Maryland, the states that border PA on the north, east and south.

Lower property taxes have been a challenge that has further come to light as many homeowners are “upside down” in their homes as they owe more than their assessed value and the high property taxes are adding insult to injury in this sub-prime climate.

This entry was posted on Sunday, March 1st, 2009 at 8:56 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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