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Mayor Nutter Gives Council Preview Of Property Tax Assessments

By Mike Dunn

PHILADELPHIA (CBS) — One week from tomorrow, new property assessments for all Philadelphia homeowners get mailed out. In advance of that, the Nutter Administration on Wednesday briefed Council members on the numbers — at least some of them.

Council members emerged from the briefing with Finance Director Rob Dubow fairly tight-lipped about the reassessment figures they’ve seen.

Mark Squilla of the first district said more is to come.

“We’re looking to get a neighborhood breakdown hopefully one day next week. And they will give us that information — how it will affect the different neighborhoods in our district. So then we can really have an idea.”

Squilla’s district includes a few neighborhoods like Queen Village and Northern Liberties where property values are expected to rise considerably in the citywide reassessment. Individual property owners are to receive their new values by the end of February.

Council and the mayor have yet to set a tax rate that will determine the bills homeowners will pay in 2014.

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