January 27, 2023
On September 1, 2022, Allegheny County Common Pleas Judge, Alan Hertzberg, ordered that the common level ratio for the tax year 2022 be set at 63.53% – a significant decrease from the 81.1% that was previously published and being applied at the 2022 appeal hearings. The common level ratio, often referred to as the “CLR,” is an assessment-to-market-value ratio that is used to convert the current market value into a property’s taxable assessment. In response to the reduction of the 2022 common level ratio, Allegheny County Council has approved a bill that will give taxpayers a second chance to appeal their 2022 assessments. The filing deadline for 2022 assessment appeals, as well as 2023 assessment appeals, will be March 31, 2023. Allegheny County property owners may now be entitled to significant tax relief for both 2022 and 2023 tax years.
Bernstein-Burkley, P.C., represents residential and commercial clients in various real estate matters. Real estate property acquisitions, sales and leasing, residential and commercial property assessment appeals, commercial real estate distressed debt matters, and landlord-tenant issues are just a few of the areas we specialize in.
Bernstein-Burkley, P.C., has more than 50 years of experience in analyzing the value of assets and representing the clients’ interests in bankruptcy and liquidation valuations. In addition to our asset valuation experience providing a foundation for our tax assessment appeal work, it is also part of the foundation for our bankruptcy and restructuring practice. We routinely handle distressed debt matters including forbearance, restructuring and recovery actions, and navigate our business clients through the sheriff’s sale process and other foreclosure proceedings. Whether it is a landlord-tenant dispute or a commercial loan default, Bernstein-Burkley, P.C., knows and understands clients’ rights and has the expertise to zealously enforce these rights.
Contact our team at Bernstein-Burkley today at 412-456-8100 to see how we can assist you in Real Estate Law.