Pittsburgh / Allegheny Co property tax

Real Estate Agent · Crozet, VA · Member since 2014 · 436 posts · 223 votes

How long after purchasing a property in Allegheny County, PA do real estate taxes increase ? I'm looking at the pro-forma on an offering memorandum and the taxes are based on the purchase price a couple years ago/assessed value. The property has been rehabbed and only assessed at $17,800 but now selling for around $210,000.

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Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
8y
@Aaron Howell
There is currently no regular reassessment schedule. The only way to guess at the answer to your question is to try to read the tea leaves of county politics. There will be a reassessment at Greek calends, no sooner.
You are not the first person to be baffled by this assessment imbroglio when investing from out of state in our fair county.
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Alex Deacon
Investor · Pittsburgh, PA · Member since 2015 · 1k+ posts · 1k+ votes
8y
@Aaron Howell as @Jim K. states there is no way to know. What I can suggest is that when you do purchase a property thats assessed at a low amount you should budget for a higher tax assessment just in case. Then if the numbers still work at a higher amount you are covered. In the meantime enjoy the low taxes while you can and put that extra money aside.
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