Time Is Running Out To Apply For Program That Allows Homeowners To Defer Portion Of Real Estate Taxes
Low-income Philadelphia homeowners have less than a month left to apply for a program that lets them defer a portion of their real estate taxes.
The Actual Value Initiative, or “AVI” became the most battled-over program in City Hall during 2013.
It 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.
Okayed in the State Senate and now heading to the governor were two key measures, sought by the mayor and City Council, stemming from AVI.
A report from the Pew Charitable Trusts says Philadelphians are ‘wary’ about the city’s new “AVI” property tax system.
After months of debate, Council president Darrell Clarke says he’s proud of the final version of the Actual Value Initiative that Council has approved.
Philadelphia’s controversial new property tax system is now a step closer to reality, following a preliminary vote Wednesday in City Council.
As City Council struggles with setting a new property tax rate for homeowners, the lawmakers face a related question: whether to modify the long-controversial tax abatement for new construction.
The state House has passed and sent to the Senate a pair of bills that would ease the impact of Mayor Michael Nutter’s initiative to overhaul property taxes in Philadelphia.
And tAlan Butkovitz says the administration needs to reassess its reassessments.
The discussion, titled “Philadelphia Taxes — Past, Present and Future.” was organized by the Pew Charitable Trusts and Temple University’s Center on Regional Politics.
Councilman 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.
City officials have extended the Homestead Exemption application deadline to September 13th.
City Council members are inching closer to getting the nitty-gritty on how the Nutter Administration came up with new assessments for every property in the city.
“We’re giving away money (through the abatement) that we don’t necessarily need to give away,” Goode said. “And at the same time, driving up tax bills for everyone else.”