Lebanon County Reassessment
Welcome to the Lebanon County Reassessment page; this page contains helpful information to guide property owners through the Re-Assessment process. This page will be updated as information is available.
The Need for Lebanon County to Re-Assess
In 2008, the Lebanon County Court of Common Pleas ruled that a county-wide reassessment is needed because property values, used to create the tax base, became inconsistent, unfair, and too old to reflect current trends and changes in the value of real estate. It is the legal responsibility of the Lebanon County Board of Assessment to establish the Fair Market Value of all county real property. This is done to establish a base-year market value for real estate tax purposes. To achieve a fair and equitable tax base, two primary objectives must be accomplished: A. Market values in the year of a reassessment must be 100 percent of true market value, and B. Properties of similar type, characteristics, and neighborhood must have uniform values. When this is achieved, each property owner will be paying his or her fair share of the tax burden.
The basic steps to a county-wide reassessment are:
a. Properties will be visited to obtain accurate descriptions of property characteristics, and collected data will be computerized and quality checked.
b. Real estate market studies will be conducted to develop formulas for estimating the Fair Market Value for each property, as of January 1, 2012.
c. Final estimates of value will be determined after consideration of all appropriate approaches to value.
d. Property owners will receive notice of their new assessed values. The notice will also project Clean and Green values for properties 10 or more acres in size.
e. Informal reviews can be scheduled to give property owners a chance to ask questions, verify information, and present facts about the property that might affect the value.
f. If owners dispute the new value, they may appeal to the Board of Assessment Appeals and present their own evidence of Fair Market Value.
g. The owner may appeal the decision of the Board of Assessment Appeals to the Court of Common Pleas.