There is not much time to derail any of this. You can read the official schedule of the assessment process via the court docket which I do believe says new values will start to be mailed out on Independence Day, literally July 4, 2011.
Is there mail on Independence Day? I'd call that special delivery. It will certainly feel like a special delivery for many.
It is not quite clear that new state legislation would have any impact on the court-mandated process we are reaching the terminal start on here in Allegheny County. Some small state constitutional issues in thinking a standing court order could be voided by legislative action, but I suppose it could gum up the legal situation enough to delay the whole assessment. Can you imagine? County complains for years it can't afford to do all of this. Then that it can't be done in the timeline anyone wants (they wanted to stretch this out in stages over next few years which Judge Wettick went along with per their request) only to pretty much give in and say the only practical way to do it is to do the whole thing by 2012. Then at the last minute it all gets thrown out or delayed to the point where they have to start over again in a few years. Hard to imagine, but stranger things have happened (in re: pension).
It's not cheap to keep redoing this from scratch. The whole plan a decade ago was to update assessment values every year. Only regular updating can really prevent the big cost we just had to repeat and keep inequities from building in the system. That proved too much for the political process to handle at the time and thus we are where we are.
The question remains, however, what happens when the reassessment is completed (assuming it does get implemented)? Do we then ignore this all and wait for more litigation down the road before updating values again? Or do we put in place a system to regularly update assessment values and keep them accurate and fair?
A rhetorical question I do realize.
Speaking of real estate valuations. The prices are going up. Best to get those assessments in sooner if you really are worried about your tax bill, though you may want your neighbor's assessment value to go up to keep yours down.