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A first-time homebuyer in PA asks their real estate agent whether property taxes can change over time. What is the most accurate response?

Correct Answer

B) Property taxes can change due to changes in assessed value, millage rates, or both

Property taxes in PA can change for multiple reasons: the county may reassess the property (changing the assessed value), or any of the three taxing bodies may change their millage rates. Both factors affect the total tax amount.

Answer Options
A
Property taxes are permanently fixed at the amount shown on the listing
B
Property taxes can change due to changes in assessed value, millage rates, or both
C
Property taxes only change if the property is sold
D
Property taxes are set by the federal government and rarely change

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Related Topics & Key Terms

Key Terms:

tax_changesassessed_valuemillage_ratebuyer_education
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