Philadelphia Property Tax Reassessment Has Some Residents Concerned (page 2)
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It’s the first time in the city’s history a comprehensive property review was performed on every property at 100 percent market value.
“The system was basically broken. We had a situation where the property values didn’t reflect anything close to what the properties would sell for,” said the Chief Assessment Officer for the Office of Property Assessment, Richie McKeithen.
City Councilman Mark Squilla wants to phase in the assessment over four years, instead of hitting property owners with the entire change for 2014.
He says constituents are calling, concerned they were over-assessed, or as they say, they’re seeing inconsistencies in their neighborhoods.
“If we really say this is a fair system, and that we’re going from one unfair system to a fair system, then we have to make sure that the OPA values that they give the residents and the people that own the properties are fair,” said Councilman Squilla.
Right now, you can’t calculate what your taxes will be for 2014 because the city has not yet set the tax rate; that’s happening in the spring, according to Mayor Nutter’s office.
City leaders are also undecided about relief measures.
If you believe your assessment is wrong, you can request a first level review, which can be found in the paperwork the city sent to property owners. It’s due by March 31st.