year against the real properties contained in the duplicate does
not exceed the total amount it levied on the properties in the
preceding year. The tax rate shall be fixed at a figure that
accomplishes this purpose.
(b) Final tax rate.--After fixing a tax rate under
subsection (a), a taxing district may, by a separate and
specific vote, establish a final tax rate for the year in which
the reassessment is conducted to levy its real estate taxes on
the revised assessment. The tax rate under this subsection shall
be fixed at a figure which limits the total amount of taxes
levied for the year against the real properties contained in the
duplicate for the preceding year to no more than 10% greater
than the total amount it levied on the properties the preceding
year, notwithstanding the increased valuations of the properties
under the revised assessment.
(c) New construction and improvements.--For the purpose of
determining the total amount of taxes to be levied for the year
under subsections (a) and (b), the amount to be levied on newly
constructed buildings or structures or on increased valuations
based on new improvements made to existing buildings and
structures need not be considered.
(d) Court approval required for increase to tax rate.--With
the approval of the court of common pleas, upon good cause
shown, a taxing district may increase the tax rate prescribed by
this section.
(e) Public hearing.--Prior to seeking court approval to
increase the tax rate provided under subsection (d), the
governing body shall hold at least one public hearing for the
purpose of presenting a summary of the proposed alterations to
the tax rate and receiving public comment regarding those
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