REAL ESTATE TAXES

If you are considering buying property at Hidden Valley or Seven Springs there are multpile factors that should be evaluated BEFORE signing that offer! A big one is real estate taxes. Here we have County, Township. and School property taxes. The County (will have the same millage for both resorts) and Township (HV is Jefferson Twp, 7S is Middlecreek) are based on the calender year. School Taxes (HV Somerset 7S Rockwood) are fiscal running from July 1 through June 30th and those bills are just NOW being sent out.

HV millage for the 2021 year school tax has gone up to 43.24 mills. 7S millage is 21.89 mills. That’s a big difference.

IF the assessed value (the number used to find the tax) were the same say $50,000 th HV tax would be $2,162.00 and the 7S tax would be $1,094.50 

Here’s a link to the 2021 Millages for Somerset County

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