9. What Tax Revenue Has Been Lost to Tax Zombies

The repository list for Sharon, PA alone represents some $6 million dollars in lost real estate tax revenue. 

As a rule of thumb, the total City, School District and County real estate tax bill is distributed as 50% to the School District and about 25% each for the City and the County. So, the repository list represents $3 million dollars lost to the School District and $1.5 million dollars lost each for the City and the County. 

The oldest repository listing for the City of Sharon is 1970. Most date in the range of 2000 and newer.

Without a catalyst, a “structure and land revitalization bank,” the properties are tax zombies.