Cumberland officials delay reassessment

Citing an unstable economy and uncertainty in the housing market, Cumberland County commissioners voted 2-1 Thursday to impose a one-year delay in the ongoing property reassessment.

PROPERTY REASSESSMENT FACTS

The decision by Cumberland County commissioners to delay property reassessment means:
Reassessment will take effect in January 2011 and assessments will reflect a property's market value as of Jan. 1, 2010.

Notices of new assessments will be issued starting in March 2010 and property owners will be able to contest them.

The county and its municipalities will be allowed to increase their property tax income by no more than 5 percent for 2011. A 10 percent cap is set for school districts.

(excerpted from PennLive.com 1/23/09)