UC Council May Consider Reverse Assessment

Union City Borough Council met Tuesday and continued discussion on a potential reverse property assessment option for the borough. Solicitor Tim Wachter explained to council that in the ten years since the last county-wide assessment, only properties that have been sold or improved have had their values adjusted. The plan, if adopted, would trigger an automatic assessment appeal when a property is sold for a predetermined amount above the currently assessed value. Wachter said he would research recent sales in the borough and report back to council. The issue was brought to light recently after a property in the borough assessed at $150,000 was transferred for $1 million. The matter was presented to council during a special budget meeting in October.