Central Bucks District loses out on property tax assessment boost

A missed deadline and a computer glitch means it could be 2013 before the Central Bucks School District gets additional revenue from property assessment appeals.

The district was unable to submit its report on time after the State Tax Equalization Board was late in issuing its common-level ratio on market values, and a software glitch then prevented the district from accurately matching zip codes and municipalities.

Doylestown Patch reports this is the second year in a row the district won’t see extra revenue from property assessment appeals. Last year, the Bucks County Board of Assessment appeals said the district didn’t provide enough evidence to suggest the properties being appealed had been under-assessed.

Had the district been able to make its case, an estimated $1 million in revenue would have rolled in beginning next July.