News Briefs
Stay up to date on current News & Issues.
General News -
US expands foreclosure program
Bucks County -
Penndel Borough to consider requiring sewer lateral inspection at point-of-sale
Chester County -
Downingtown requires resale inspection
Delaware County -
Marple Newtown eyes budget
Montgomery County -
Amtrak breathes new life into Ardmore project
Municipal Information
Select a Municipality from our database to learn about its real estate regulations:
Property Taxes
5 Property Tax Questions You Need to Ask
- What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information.
- How often are properties reassessed and when was the last reassessment done? Generally taxes jump most significantly when a property is reassessed.
- Will the sale of the property trigger a tax increase? Often the assessed value of the property may increase based on the amount you pay for the property. And in some areas, such as California, taxes may be frozen until resale.
- Is the amount of taxes paid comparable to other properties in the area? If not, it might be possible to appeal the tax assessment and lower the rate?
- Does the current tax bill reflect any special exemptions that you might not qualify for? For example, many tax districts offer reductions to those 65 or over.
Read more about the Property Assessment Appeals Process.