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County reassessment suspended

January 10, 2014

Lycoming County reassessment has been suspended due to the uncertainties created by the impacts of the Biggert-Waters Flood Insurance Reform Act of 2012 on the value of affected properties, the......

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(16)

hopeforfuture

Jan-10-14 5:59 AM

Sounds like would have a more honest assessment after Act is completed. Houses are assessed to high now.

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TunedIn

Jan-10-14 6:37 AM

And now for the rest of the story .... unfortunately it doesn't matter about the timing of the reassessment--those properties impacted by these huge, federally mandated insurance premiums are now tainted. While the wheels of Congress grind slowly along for a repeal, owners can appeal their current assessment, the values will probably go down the drain, and guess what .... everyone else is going to have to make up the revenue loss regardless of where you live, whatever elevation, or whether there is a reassessment. Commissioner Wheeland is right, 100% of all properties are going to be impacted. The money is going to have to come from somewhere for the towns, school districts, and counties to function, unless of course, government spending is reduced to make up the loss, hmmmm does anyone remember a time when government spending was reduced that resulted in a tax decrease ?? Let's hope Congress acts quickly before nice little towns like JS, Muncy, and Montgomery become ghost towns!

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nosferatu

Jan-10-14 7:24 AM

Hahaha, yeah, the piggie politicians would have less money to spend and we CANNOT have that.

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MimLogue

Jan-10-14 8:20 AM

it was on Cspan there is a video at stopfemanow on facebook , there is a Homeowners Affordability Act being voted on this week to stop Biggert Waters till an affordability study is done call sen Pat Toomey 2o2224 4254 he is holding it up & have no idea what the heck Marino is doing?? Lets work together guys!!

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USABorn

Jan-10-14 2:10 PM

MimLogue - 8:20 AM

"it was on Cspan there is a video at stopfemanow on facebook , there is a Homeowners Affordability Act being voted on this week to stop Biggert Waters till an affordability study is done call sen Pat Toomey 2o2224 4254 he is holding it up & have no idea what the heck Marino is doing?? Lets work together guys!!"

What is Marino doing? Who do you think submitted the bill to repeal BG?

A Pennsylvania congressman Tuesday introduced legislation that would effectively repeal all changes to the National Flood Insurance Program imposed by a controversial 2012 law.

The only provision that would be retained in the Biggert-Waters Act of 2012 under the bill would be the reauthorization of the program through Sept. 30, 2017.

The bill was introduced by Rep. Tom Marino, R-Pa., and is effectively buyer’s remorse.

propertycasualty360DOTcom/2014/01/09/house-introduces-bill-to-repeal-flood-insurance-re?t=personal

cont'd

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USABorn

Jan-10-14 2:14 PM

Marino says he introduced his bill because, “When Biggert-Waters was enacted, no one anticipated rates would increase so drastically.”

He also says the Federal Emergency Management Agency was “required by law” to report to Congress on the affordability of implementation decisions but it failed to do so. “FEMA also failed to warn buyers of such rate increases ahead of time,” he says.

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USABorn

Jan-10-14 2:39 PM

I get so tired of liberal drivel!!!! Here's the truth......

"A Pennsylvania Republican on Tuesday blocked a Senate vote on an amendment to DELAY NEW FEDERAL FLOOD INSURANCE RULES THAT ARE LIKELY TO RESULT IN SUBSTANTIAL PREMIUM INCREASES."

Sen. Mary Landrieu, D-La., backed by Sen. David Vitter, R-La., and the four senators from New York and New Jersey, had proposed delaying the rules for five years.

With democrats in control of the senate, the amendment would have passed. Toomey wants the bill REPEALED, not amended with the increases being kicked on down the road.

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USABorn

Jan-10-14 2:43 PM

Mim.....You have the same opportunity as I to check out the facts. Your comments don't contain a grain of truth. You seem to prefer trying to make republicans look bad.

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MimLogue

Jan-10-14 6:06 PM

USA Born here is _senator_Toomey"s Qoute "Under the current flood insurance law that we passed just 10 months ago, we put in place a mechanism to diminish the subsidization that occurs now where homeowners in low-risk areas are made to subsidize in high-risk areas by the way of the nature that premiums are set," Toomey said. "The existing law is designed to diminish significantly that unfair subsidy that occurs, and I think that's why the chairman and the ranking members of the Banking Committee, and many others of our colleagues, oppose this amendment."

Landrieu said Toomey should have voted no if he objected to her amendment, but not to block the Senate from even considering her proposal

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MimLogue

Jan-10-14 6:11 PM

I am a true republican I work for everything i have!, this Pat Toomey Is bought and pd for by insurance companies, U shoudnt vote repub or democrat. You should to vote to save this country, we need to vote to save our homes now from this Biggert Waters! Toomey is our enemy he wants to keep the law!

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MimLogue

Jan-10-14 6:14 PM

***********nola****/politics/index.ssf/2013/05/penn_senator_blocks_vote_on_la.html open that on google Toomey blocked the vote not to kick a can anywhere usa born Toomey said he didn't want to undo the reforms Congress adopted in 2012 to make the flood insurance program fiscally sound. i provided you with a quote of his own words there was nothing in it about kicking a can anywhere

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MimLogue

Jan-10-14 6:19 PM

USA born all you have to do is watch it on u tube. I guess these videos of these senators don"t contain a grain of truth either, Your a riot !! I cant stop laughing at you, I needed a good belly laugh at the end of today. thanks!

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MimLogue

Jan-10-14 6:27 PM

Homeowners affordability act the Senate is still dealing with an extension of federal unemployment benefits, delaying consideration of the flood bill. U.S. Sen. Mary Landrieu (D-La.), a major advocate for the bill, told USA Today that “next week is more realistic” for any vote on the flood bill. She Senate Majority Leader Harry Reid has vowed to get the bill to the floor for a vote. Marino has nothing to do with this USABORN

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MimLogue

Jan-10-14 6:29 PM

if anyone wants the true facts go to StopFemaNow on facebook

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LaughIn

Jan-10-14 8:50 PM

The fact is that the county has suspended the reassessment to balance the weight of real estate taxes based on those in the flood zone and not. This will affect everyone! Those in the flood zone will lose equity and those not in the flood zone will pay more. That is reality

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TunedIn

Jan-10-14 9:22 PM

LaughIn is exactly right--when the flood property values decrease and they appeal their current assessment (which every property owner has a right to do every year) there will most likely be a tax shift. Remember the Muncy School District appeal effort a few years ago which changed property values without a Countywide reassessment, the government entities will have to get their pound of flesh somewhere. Sad ....

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