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Actual Value Initiative

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.

12/19/2012

file photo (credit: Tim McLaughlin)

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.

12/01/2012

(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.

10/18/2012

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.

10/18/2012

nutter_blue_plain_DL

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.

10/03/2012

(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.

09/19/2012

(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.

09/13/2012

(Philadelphia School District "chief recovery officer" Thomas Knudsen, in file photo.  Credit: Mike DeNardo)

Philadelphia School District Needs To Borrow $300M To Get Through Next 2 Years

The school district’s five-year financial plan includes a huge loan, says chief recovery officer Tom Knudsen.

09/10/2012

(Philadelphia mayor Michael Nutter speaks with reporters in City Hall.  File photo by Mike Dunn)

Nutter Warns Homeowners Of Confusion Over Tax Bills

Mayor Nutter is warning of possible confusion over property taxes next winter, stemming from City Council’s decision to delay new assessments by one year.

07/13/2012

Council President Clarke with his colleagues in the caucus room, before passing a new city budget. (By Steve Tawa)

Philadelphia City Council Approves Budget, Delays AVI

The budget season is over at Philadelphia City Hall. City Council has passed a $3.6 billion budget, ending a tumultuous three-month stretch during which tough decisions were made on how to make ends meet.

06/29/2012

FILE PHOTO (Credit: Getty Images)

Pennsylvania House Moves To Protect City And Schools From Property Tax Hit

With Philadelphia’s property tax overhaul apparently on hold for a year, the state House has advanced legislation that would protect tax revenues for the city and school district in the interim.

06/27/2012

(SRC chair Pedro Ramos, in file photo.)

Philadelphia School District Says It Has No Funding Plan ‘B’ On Tap

The School Reform Commission publicly has no “plan B” now that Philadelphia City Council has decided to cut by more than half the amount of new money going to the school district.

06/15/2012

file photo (credit: KYW's Tim McLaughlin)

Split Council Gives Initial ‘OK’ To Property Tax Plan; Budget Talks Continue

Working late into the evening Thursday, City Council members reluctantly gave initial approval to an overhaul of Philadelphia’s property tax system.

06/08/2012

Darrell Clarke (credit: Steve Tawa.)

Philadelphia City Council Votes on AVI, School Funding Will Be Severed

City Council president Darrell Clarke says Council will hold two separate votes: one on the mayor’s proposed property tax overhaul, the other on the mayor’s proposed increase in School District funding.

06/04/2012

(Credit: Timothy McLaughlin)

Homestead Applications Being Taken Before Program Is Approved

Starting Friday, Philadelphia homeowners can apply for a homestead exemption — even though the program has not yet even been approved by the state legislature.

06/01/2012

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