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Board warned of potential six‑figure revenue losses from recent property-assessment appeals
Summary
Board staff told directors that two recent commercial assessment appeals could reduce district revenue by several hundred thousand dollars to more than $1 million depending on judgments, and that about 30 appeals had been filed overall; any approved reductions could be effective Jan. 1 and require retroactive refunds for the first half of the year.
A district staff member told the board that recent property-assessment appeals — including two large commercial cases — could materially reduce Salisbury Township School District revenue.
The staff presentation said one commercial professional park made up of five parcels could result in a revenue loss of roughly $350,000 to $505,000 depending on final assessed values, and a different commercial property’s recommended reduction could translate to about $1.1 million in lost revenue. The staff member said the properties are in receivership and that the Board of Appeals typically takes several weeks to issue rulings.
"If that does get approved, we will lose $504,000 in revenue from that property alone," the presenter said when discussing one of the appeals, and added that the district had seen "close to 30 appeals" filed overall. The administration said if reductions are approved with a Jan. 1 effective date, the district may need to refund taxes retroactively for January through June.
Board members asked whether contingency planning would begin now; administration said budget adjustments would be addressed during the next budget cycle and that the district would not reduce staff midyear if appeals are approved. The board will monitor the appeals and present potential budget responses during budget deliberations if losses materialize.
No formal action was taken at the meeting beyond the report; the business office said it will provide updates when the Board of Appeals issues decisions.
