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Solicitor outlines proposed settlement on tax appeal for Parcel 460000706013
Summary
Solicitor reported a taxpayer appeal for Parcel 460000706013 (address given as 273 Decal Pike) and summarized a proposed settlement that would lower assessed values for 2024 and 2025 and result in a taxpayer refund; solicitor recommended the Board approve the settlement.
The solicitor reported a taxpayer appeal for tax year 2023 concerning Parcel 460000706013 (address given in the transcript as 273 Decal Pike, Montgomery Township) and summarized a negotiated settlement with the school district.
Under the proposed settlement recited in the meeting, fair market value for tax year 2024 would be set at $3,000,000, producing an assessed value of $1,065,000 after applying the stated common level ratio and representing a decrease in assessed value of $355,000. For tax year 2025 the solicitor reported a fair market value of $3,237,082 and an assessed value of $987,000, a decrease of $433,000 for 2025. The solicitor said the budget impact, if the township agrees to the settlement, would be a total refund due to the taxpayer of $2,316.72 for the cited tax years.
The solicitor recommended Board approval of the proposed settlement. The transcript does not record a formal vote on the settlement during this meeting.
