Steidl and Steinberg library seminars

Did Allegheny County screw up your property assessment?

Hopefully that wasn’t the case. But given the amount of phone calls we’ve received on the matter, county property owners are concerned and confused regarding reassessment.  Steidl and Steinberg recently launched a series of free, informational seminars at to try to answer as many of these questions as possible.

The one-hour program is conducted by Attorney Lauren Lamb and she has been joined by attorneys Ken Steidl, Kenny Steinberg and Chris Frye to explain the history of the assessment process, how it is conducted, and what documentation is needed for the appeal process. Along with a formal presentation, the attorneys conduct a question and answer session and also address individual questions following the seminar.

Steidl and Steinberg would like to thank the community libraries in Moon, Shaler-North Hills, Penn Hills, Mt. Lebanon, Bethel Park, Bridgeville, Hampton and Baldwin for their cooperation and hospitality. Through 10 seminars, over 700 county property owners have attended the seminars.

If your community or library would like to host an free,  informational seminar on property assessments, call Steidl and Steinberg at 412-391-8000.

 

The human side to the assessment issue

EDITOR’S NOTE: The controversy over the assessment process in Allegheny County has been full of charts and graphics and percentages. However, there is a very human side to this issue, the taxpayer who faces an uncertain financial future due to an unexpected and unexplained rise in their property tax. Ken Steidl and Kenny Steinberg would like you to meet one of the tax payers caught in the assessment quandary, Frank Pascoe of Trafford, an 80-year-old Korean War veteran and Purple Heart recipient who will fight, again, for a principle.

 

                                                            By Tom Rose

He served our country in the Korean War as a sniper, and came home to Trafford to a hero’s welcome. In the process of his service, he was wounded twice in his hand, back, and legs and received a Purple Heart.

Nearly sixty years later, Frank Pascoe is shooting back again. This time the weapons and the targets are very different, but he is still fighting for a cause. Allegheny County is saying a house he has lived in since the late 1940s, and hasn’t made any improvements on since 1960, is now worth more than double what it was in 2002.

“I was wounded twice and I am on 100 percent disability now,” Pascoe said. “What’s ironic is that I could have filled out papers with the (Veterans Administration) to let them handle my property tax. But I have always figured if I could afford it, I’ll pay it. I figured I would let someone else who couldn’t afford it get a break. But when they pull stuff like this out of the clear blue sky, I’m not going to take it.”

Pascoe, who will be 81 on February 28, received a notice from the Allegheny County Assessment Board that his home, valued at $41,200.00 in 2002, was now being assessed at $90,200.00. According to Allegheny County Assessment Board figures, the value of single-family homes in Trafford has risen 127 percent. Commercial property in Trafford has risen 249 percent.

“I understand that there will be mistakes made when properties haven’t been reassessed in a decade,” Attorney Kenny Steinberg of Steidl and Steinberg said, “but Allegheny County’s officials had 10 years to get this right. How much more time could they possibly need? Anyone with even rudimentary knowledge of Allegheny County knows that property values didn’t go up by 75 percent in Rankin, 34 percent in Braddock or 146 percent in Trafford.”

The Allegheny County assessment is based on comparable properties purchased in the last few years. According to the county records, Monroeville was used as the basis for comparison with all of the residential properties in the Allegheny County portion of Trafford.

There is a serious flaw with this measuring stick. According to the U.S. Census, the median household income in Monroeville is $57,254.00; almost 2 ½ times higher than the median household income for residents in the Allegheny County portion of Trafford.

Then there is the matter of a fair market comparison. One of the county’s comparable properties to the Pascoe residence, located on Haymaker Road in Monroeville, sold for $189,000.00.  Another property, located at 265 My Way in Monroeville, was sold in 2009 for $115,000.00.

The property at 265 My Way has an enclosed porch frame, a full basement, a masonry stoop and a wood deck . . . and it sells potato chips, soda pop and lottery tickets.

It’s an A-Plus Mini-Mart.

Pascoe let out a loud chuckle when told that one of the properties his house is compared to is a Monroeville convenience store.

“This is such a crock,” Pascoe said.

The 54 residential and commercial properties in Trafford are in a tax bureau’s no-man’s land. The borough of Trafford is located in Allegheny and Westmoreland counties and, while Pascoe is responsible for Allegheny County property taxes, he pays school taxes to Penn-Trafford, which is located in Westmoreland County. This is also an area with limited access for its residents.

“If there were a train wreck with hazardous materials blocking the road, we couldn’t get out,” Pascoe said. “We tried to get funding for another access road, but instead the borough gave the priority to a skateboard park. What do you think having just one road and no escape route do to our property value?”

Pascoe, with representation from Steidl and Steinberg, will pursue a formal appeal with the Allegheny County Assessment Board. He wants the story of Trafford’s plight known. He continues to push for Trafford to be unified within Westmoreland County, and he will fight for a true assessment of his property.

“It’s a one hundred-year-old house,” Pascoe said. “If the county thinks my house is worth ninety thousand, I’ll sell it to them right now. Somehow, I don’t think they will.

“All I want is to be treated fair. I’ve always paid my taxes and I always will. I just want it to be fair.”

The Kodak Moment Is Disappearing

Cutting the cake at a wedding has become known as a favorite Kodak moment, the time to take a special picture. The wedding cake is still being cut, but you may need to find a new name for the special moment when the bride and groom exchange cake.

When you watch the Oscars this year, It won’t be held at the Kodak Theater in Hollywood. It’s the same facility, but the name has been changed.

The once-dominant photography company has run into very hard times. Eastman Kodak recently filed for Chapter 11 bankruptcy protection and, among its reorganization plans, is a request from the Court to dissolve the $4 million per year contract for naming rights to the theater.

Eastman Kodak, founded in 1880, has been struggling for years to adapt to an increasingly digital world. Kodak has tried a number of turnaround strategies and cost-cutting efforts, but the company has only shown one full year of profit since 2004. Kodak will continue to operate during the bankruptcy case in an effort to upgrade its digital division.

Kodak established the market for camera film and then dominated the field. The onset of digital photography eroded demand for traditional film, squeezing Kodak’s business so much that in 2003 the company said that it would halt investing in its longtime product.

Kodak is also stepping up its production of commercial and inkjet printers. Kodak plans to increase its share of the consumer inkjet printer market by designing cheaper replacement cartridges. The company is looking to dominate commercial printing of magazines, books, newspapers and advertising with high volume inkjet machines that are faster and digitally flexible, to deliver smaller and more customized batches cheaper than old-tech presses and plates as the world moves toward on-demand publishing.

As digital dissolved its film business, Kodak has furloughed 47,000 employees since 2003 and closed 13 factories that produced film, paper and chemicals, along with 130 photo laboratories.

Introduction

Welcome to the Steidl and Steinberg Blog, and come back often!

We like to comment on all kinds of subjects related to finances, not necessarily just
bankruptcy matters.

Just take a look at this week’s articles in the various newspapers and magazines. Yes,
you will find something on Kodak’s bankruptcy, and Saab’s also. But you’ll also see
articles on real estate assessments, Mitt Romney’s tax rate, and debt collectors, to name a
few subject matters that will be of interest to more than those who are curious about
bankruptcy.

So come on aboard! Let’s have some good, clean fun and share some good, clean, knowledge that will help us all become better informed and help us all make better decisions.

And let us know what you think!