Lycoming County
Reassessment Project
Lycoming County last reassessed the entire county in 2004. Twenty years have passed since the last reassessment and the assessments in the County are getting older and out of date. Over time, trends in the market have caused property values to become inconsistent and unfair. While one neighborhood may be growing, another maybe in decline. This results in taxpayers paying more or less than their fair share of the tax burden.
Studies conducted annually by the State Tax Equalization Board show a disparity between the county assessed values & recent sales prices. This brings on more appeals which in turn leads to a further lack of uniformity.
Reassessment is needed when the property values used to make up the tax base are inconsistent, unfair and/or too old to reflect current market trends and changes in the value of real estate. Reassessment cannot be used by the County, or any other taxing body, as a means to collect increased revenue. It is simply a tool to equalize assessments and ensure, once again, that all taxpayers are paying their fair share.
This is why Lycoming County has contracted with Tyler Technologies to conduct a reassessment of Lycoming County.