Actual Value Initiative

(City councilman Kenyatta Johnson, in file photo. Image from City of Phila. TV)

Councilman’s Plan Would Help Homeowners Hardest Hit By Property Tax Overhaul

Second District councilman Kenyatta Johnson says his district is among those that will be hardest hit by the move to the so-called Actual Value Initiative (“AVI”).

2013/02/21

City’s Calculator Helps Homeowners Anticipate Property Tax Scenarios

You may have your assessment, but two major questions are still unanswered: what is the rate on which that assessment will be taxed? And, what (if any) relief measures — such as a homestead exemption — will be offered by the city?

2013/02/19

(Mayor Nutter, with other city officials, stresses the importance of the "Actual Value Initiative." Credit: Mike Dunn)

Philadelphia Officials Offer Appeals Path for Revised Property Assessments

If you have questions about the assessment, you can call the Office of Property Assessment at 215-686-9200, or go to phila.gov/opa.

2013/02/15

Proceeding With Property Tax Makeover, Philadelphia Mails Out Revised Assessments

The Nutter Administration is mailing out more than 500,000 assessments to property owners — the first wholesale remaking of property values in Philadelphia in many years.

2013/02/15

Katz Thinks AVI Could Send Young Families Packing For The Burbs

Katz voiced concern that sticker shock could be in store for young families who bought in to gentrifying neighborhoods. “And if en masse large numbers of them put ‘For Sale’ signs out, it’s going to drive the value of housing down,” Katz said.

2013/01/23

Taxes Top Agenda For City Council 2013 Session

Also looming is the continued financial woes of the school district, and the debate over the planned closure of 37 school buildings.

2013/01/22

(Flanked by lawmakers, mostly from the Pennsylvania Legislature, Rep. Cherelle Parker describes new legislation directed at improving Philadelphia's AVI. Credit: Tony Romeo)

Pa. Lawmakers Bring Legislation to Advance Philadelphia’s Property Tax Overhaul

Several pieces of legislation were passed in the last session to enable Mayor Nutter’s property tax overhaul known as “AVI,” for Actual Value Initiative. Now, lawmakers plan to introduce more legislation to enhance the changeover process.

2013/01/15

(Philadelphia City Hall. File photo by Tony Hanson)

Philadelphia Property Owners Await Numbers That Will Determine Their 2014 Tax Bill

Last week the mayor gave out just the first assessment figure: $96.5 billion, the new total value of all properties in the City of Philadelphia.

2012/12/24

Michael Nutter (file photo by Mike Dunn)

Nutter Holds Closed Door Meeting On Property Tax Values In Philadelphia

Sources tell KYW Newsradio that at the meeting, the total value of all city properties was put at just under $100-billion.

2012/12/19

STUDY: Keeping AVI Values Accurate A Challenge

Mayor Nutter and City Council intend to implement a new and controversial property assessment system next year, but making it happen isn’t enough, according to a study from the Pew Charitable Trusts.

2012/12/01

(Mayor Michael Nutter. Credit: Mike Dunn)

Nutter Pleased with Harrisburg Vote, Ready To Move Ahead With AVI

Despite misgivings voiced by some state lawmakers, the state House has approved the Actual Value Initiative legislation and Governor Tom Corbett is expected to sign it.

2012/10/18

file photo of Tom Corbett (credit: Tony Romeo)

Corbett Expected To Sign Key Element Of Nutter’s Property Tax Initiative

Governor Corbett is expected to sign legislation headed to his desk that would authorize a key element of Mayor Nutter’s property tax reform initiative.

2012/10/18

Pa. Senate Signs Off on Philadelphia Plan For Property Tax Overhaul

The new assessment system dubbed the Actual Value Initiative (“AVI”) will result in higher assessments, and that means the mayor and City Council will have to lower the millage rate significantly.

2012/10/03

(Slide provided by Pew Charitable Trusts)

Philadelphia a Bargain? Local Tax Study Says… Maybe

A new study released by the Pew Charitable Trusts finds that Philadelphia is becoming more competitive in terms of local taxes when compared to the suburbs.

2012/09/19

(City Council president Darrell Clarke, top left, listens as the chief clerk, lower right, presents proposed legislation. Image from City of Phila. TV)

City Council President Proposes Higher Penalties For Philly’s Worst Tax Deadbeats

“We found that constitutionally we can have a two-tiered tax system, so we believe that the more you owe, the higher the penalties should be,” Darrell Clarke said.

2012/09/13