In the two years since Schnore Law LLC’s founding in January of 2024, the law firm has secured many Pennsylvania real estate tax assessment reductions.  These include the following highlighted successes.  The tax savings were achieved either through final disposition from a county Board of Assessment Appeals, or through settlement:

• An assessment reduction from $179,000,000 to $114,359,000 for a 1.5 million square foot office complex, resulting in annual tax savings of approximately $1,658,000.

•  An assessment reduction from $79,000,000 to $21,005,600 for a 616,000 square foot office building, resulting in annual tax savings of approximately $1,478,000.

• An assessment reduction from $4,312,800 to $210,800 for the site of a closed assisted living facility, resulting in annual tax savings of approximately $151,000.

• An assessment reduction from $1,905,200 to $751,500 for a suburban luxury home, resulting in annual tax savings of approximately $31,000.

• An assessment reduction from $2,452,760 to $227,610 of the former Pennsylvania headquarters of an insurance company, resulting in annual tax savings of approximately $225,000.

• An assessment reduction from $16,474,510 to $11,700,000 of a natural gas fired powerplant, resulting in annual tax savings of approximately $125,000. 

• An assessment reduction from $14,500,000 to $11,877,300 of a natural gas fired powerplant, resulting in annual tax savings of approximately $105,000.

Because Pennsylvania’s assessment laws permit counties to implement a “base year” assessment system where there is no requirement to regularly re-assess, the assessments above reflect a fraction of the current market value of these properties – sometimes a small fraction of their current market value. 

Significantly, and also because of the “base year” system, these Pennsylvania property owners are very likely going to enjoy the tax savings achieved through the appeals process for many future years, without needing to further challenge or defend the reduced assessment.