A new study focuses on the savings rate that people in a workplace retirement savings plan need in order to achieve a more secure retirement.
Jun. 12--Adams County property owners will be mailed notices containing their newly-reassessed property values by July 1. But what does it all mean, and what do residents need to do?
These questions and more will be answered at upcoming public meetings, to be held at each of the six school districts and conducted by Adams County and 21st Century Appraisals, the company that ran the countywide reassessment.
Adams County Commissioners approved going forward with the $2 million reassessment in December 2008. There has not been a countywide reassessment since 1990.
Reassessors hit the streets last spring, and started gathering data from homes and businesses throughout the county. Property values are being updated to match current fair-market value.
After residents receive updated property values, the appeal process will run up to Oct. 31. New property values will go in effect in the 2011 tax year.
When the reassessment began, 21st Century officials projected about one third of residents would see a property-tax increase, another third would see a decrease and the rest would remain about the same.
Counties are required by state law to readjust their millage rate to if the reassessment so as to not unfairly increase or decrease taxes.
At the upcoming meetings, the reassessment process, appraisal approaches to value, appeal procedures, tax impacts and reassessment myths and misunderstandings will be discussed.
The reassessment stems from a lawsuit field by a group called Fair Adams County Taxes Now, or FACT Now. The suit cited the county's failure to comply with its own 1996 ordinance requiring it to reassess property values every four years. It was settled out of court, and the county agreed to move foreword with the reassessment.
IF YOU GO
Adams County and 21st Century Appraisals are holding public meetings in each of the six school districts concerning the countywide reassessment of property values. Each meeting starts at 7 p.m., and will be held in each district's high school auditorium. The meetings are intended to answer property-owner questions about the reassessment, and new property values. The meetings well be held:
Monday, Bermudian Springs School District, 7335 Carlisle Pike, York Springs.
Wednesday, Conewago Valley School District, 130 Berlin Road, New Oxford.
June 21, Upper Adams School District, 161 N. Main St., Biglerville.
June 22, Fairfield Area School District, 4840 Fairfield Road, Fairfield.
June 23, Littlestown Area School District, 75 Maple St., Littlestown.
June 28, Gettysburg Area School District, 1130 Old Harrisburg Road, Gettysburg.
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