Compare taxable properties 2016 to 2015
The Wilkinsburg real estate tax base is the set of all taxable properties in the borough. The municipal government and the school district apply the tax millages they set to this list of taxable properties. The property assessments, the base values that are taxable before applying any exclusions, exemptions and abatements, are certified by the county Office of Property Assessment at the beginning of each calendar year. The Wilkinsburg taxable value is approximately $415 million at the beginning of this year; it was approximately $420 million at the beginning of last year.
At the beginning of year 2016, Wilkinsburg has a count of 7252 properties, of which 6967 are taxable, 265 are exempt, and 20 are PURTA (used in operation of public utilities). The count of properties decreased by a small number since last year; one change was the combination of formerly eight separate condo properties at 855 Rebecca Ave to one property, which is being redeveloped with funding from Allegheny County.
Some properties changed from exempt to taxable and taxable to exempt during year 2015. Some of the properties that were exempt and became taxable are churches that changed ownership, so we might expect their new owners to apply for tax exempt status for their use. The biggest gain to the tax base from properties certainly to remain taxable that did come on the tax roll is the combined assessment total of $311,200 from three newly constructed Peebles Square houses sold during year 2015. The builder’s lots were formerly owned by Allegheny County and were tax exempt. The biggest loss to the tax base is tax exempt status granted to the entire use of Spectrum Family Network at 221 Brushton Ave, which had a taxable assesssment of $662,600 last year plus an exempt assessment of $994,000. The two parcels have now been combined, and the combined parcel has an exempt assessment of $4,256,900.
The total taxable value of Wilkinsburg properties is presently $414,819,868. Check this out on the county’s “Municipality Map”–
Last year, many more properties were given assessment decreases than received assessment increases. But not all assessment changes were decreases. There were 37 increases totalling $790,500 for properties that were taxable in 2015 and remain taxable. The largest increase was from $126,000 to $240,600, an increase of $114,000. Thank you to the investor who has invested in this property . (You know who you are.)