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Actual Value Initiative

Nutter Administration's Tax Reform Still Working Out Kinks 2 Years LaterThe Actual Value Initiative -- or AVI -- now two years old, replaced a cumbersome system that most agreed was unfair and out of date.
Councilman Urges Continuation of Property-Tax-Hike Pause Button For Cases Under AppealLast year City Council and Mayor Nutter approved a bit of a break: if an appeal of a new assessment was not resolved by the time tax bills were due, owners could pay the original amount, then settle up when the appeal is later resolved.
Low-Income Advocates Urge City Flexibility on New Property Tax ProgramsJennifer Schultz, of Community Legal Services of Philadelphia, testified that the new assessment system known as "AVI" (Actual Value Initiative) left many homeowners confused and scared.
Councilwoman Says Philadelphia Should Shift More Tax $$ To SchoolsCouncilwoman Maria Quinones Sanchez proposes upping the school district's share from 55 percent to 60 percent, which she says would shift about $53 million per year from the city to the schools without raising taxes.
Phila. Councilman Wants Annual Salaries For Tax Board Members Restored"We need the BRT right now," Councilman Mark Squilla says. "We need them to have these hearings. We need them to make sure they're fair and as soon as possible."
2013 IN REVIEW: AVI Becomes Reality For Philadelphia HomeownersThe Actual Value Initiative, or "AVI" became the most battled-over program in City Hall during 2013.
Philadelphia Launches Property Tax Gentrification Relief ProgramIt is the second major relief program to result from the new property assessments that were mailed out earlier this year, for tax bills that are due early next year.
City Hall Warns Property Owners of Delays in Assessment ReviewsThe initial reviews of about 25,000 property assessments won't be completed before the deadline to file a formal appeal, so the city is urging property owners to proceed without waiting.
Controversial, Contentious Budget Was Hallmark of Phila. Council's Legislative SeasonAfter months of debate, Council president Darrell Clarke says he's proud of the final version of the Actual Value Initiative that Council has approved.
Pew Study: Residential Property Owners Will Pay Bigger Chunk Of Taxes Under AVIThe Pew analysis of the new assessments finds that the percentage of property taxes borne by individual homeowners compared to other owners will go from about 54 percent under the old system to about 60 percent under AVI.
Property, Wages, or...? Stakeholders Argue Philadelphia's Tax PolicyThe discussion, titled "Philadelphia Taxes -- Past, Present and Future." was organized by the Pew Charitable Trusts and Temple University's Center on Regional Politics.
Councilman Wants To Subpoena Nutter Administration Over Property RevaluationsCouncilman at-large David Oh says questions abound over the accuracy of the new assessments, and he says the methodology released last week did not clear up how the new property values were calculated.