Central Bucks revises assessment appeal plan
In an attempt to recoup lost revenue, the Central Bucks School District will once again appeal the assessments of properties in the district that are the “most out of whack”. Last year, the district announced it would appeal the assessments of recently sold homes within the district that it felt were under assessed. The 130 appeals were rejected on the basis that the school district did not provide enough supporting evidence for the appeals. The district is appealing 18 of the rejections in county court. The current plan will have school district administrators and an outside appraisal firm reviewing all of the properties in the school district by using comparative data to determine the market value of each residential and commercial property in the district. Each property’s market value will be divided by the current common level ratio for Bucks County (11.3 percent) to ascertain a theoretical assessed value. If the district stands to gain at least $500 or more annually by having a property’s assessment increased to the theoretical assessed value, it will appeal the property’s assessment. The appeals will be filed by the Bucks County deadline of August 1.
Source: Bucks County Courier Times; 7/27/2011
New Hope Borough approves comprehensive plan update
New Hope Borough Council approved a new comprehensive plan for the borough that will aid officials in land use decisions and sets forth a community vision for the future. The plan outlines steps for “smart growth and sustainability” and includes policy guidelines for vibrant commercial districts, maintenance of quality residential neighborhoods, protection of historic features, river access, parks and open space and the reduction of flooding. The plan is available at www.newhopeborough.com.
Source: New Hope Gazette; 7/23/2011
Economic development council established in county
The Bucks County Board of Commissioners approved a resolution that established an Economic Development Council. The Council will advise commissioners on economic development issues by providing private industry input in terms of economic development in the county. The Economic Development Council will be made up of seven to ten members who will meet monthly.
Source: Perkasie News Herald; 7/23/2011
Upper Makefield spending down in 2011
Upper Makefield officials reported that spending for 2011 is down $271,353 from the same period last year. Earned income tax revenue is up, with 87.51 percent of the earned income tax revenue budgeted for the year already being collected. Transfer tax revenue is down $43,000, but is being covered by the earned income tax and decreased spending. The township has not had to utilize $742,335 slated for transfer from the cable fund to the general fund, a move approved to prevent a municipal property tax increase.
Source: Bucks County Courier Times; 7/19/2011
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