taxes levied for that 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 OF THE GOVERNING BODY , 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 ORDINANCE required for increase to tax
rate ABOVE 10% THRESHOLD .-- With the approval of the court of
common pleas, upon good cause shown, a A taxing district may
increase the tax rate LIMITATION prescribed by this section
SUBSECTION (B) THROUGH THE ADOPTION OF AN ORDINANCE OF THE
GOVERNING BODY .
(e) Public hearing.-- Prior to seeking court approval to
increase the tax rate provided NOT LESS THAN 10 DAYS PRIOR TO
ADOPTING AN ORDINANCE under subsection (d), the governing body
20190HB1569PN2939 - 2 -
<--
<--
<--
<--
<--
<--
<--
<--
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30