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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…
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