[1]
Editor's Note: For additional information
on issues regarding taxation, see Administrative Code Arts. 210 and
809.
Real estate tax rates shall not exceed the rate
limitations fixed by law for Counties of the Second Class as of May
20, 1997, the effective date of the Second Class County Charter Law.[1]
[1]
Editor's Note: See 16 P.S. § 1601-C
et seq.
a)
The County shall not derive windfall benefits from
annual property reassessments or from changes in the predetermined
ratio. Following any annual reassessment or change in the predetermined
ratio, the total amount of real estate tax revenue that can be received
by reason of the reassessment or change in the ratio by the County
from existing land, buildings and structures shall not exceed 105%
of the total amount of real estate tax revenue received by the County
in the preceding year from that land, and those buildings and structures.
If necessary, the County shall reduce the real estate tax rate to
accomplish this.
b)
In calculating the 105% limit, the amount to be levied
on newly constructed buildings or structures, or from increased valuations
based on new improvements made to existing buildings and structures,
shall not be considered.
