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Assessment appeal for Franklin Square development reduced borough tax revenue; county reassessment unlikely soon
Summary
Council received an analysis showing York County Board of Assessment Appeals applied 2004 market‑value assumptions to Franklin Square parcels, producing first‑year revenue loss estimates; staff said countywide reassessment is a complex, costly undertaking and is unlikely in the near term.
Borough staff presented a parcel‑level extract for the Franklin Square development and told council the York County Board of Assessment Appeals applied market‑value assumptions tied to the county’s 2004 reassessment when resolving a developer appeal. Staff said that approach produced a first‑year revenue loss for the borough’s general tax—for example, an assessed reduction of about $3,038,400 in one parcel line…
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