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.”
BRT executive director Carla Pagan says the time required will be determined by the number of formal appeals filed, which she estimates could range between 10,000 and 50,000, or more.
A package of bills designed to reduce the sticker shock associated with the overhaul of Philadelphia’s property tax structure has cleared a state House committee.
Philadelphia City Council is threatening to subpoena the Nutter Administration unless aides to the mayor turn over the precise formulas used to create the new and controversial property assessments.
Under current regulations, homeowners would have to pay the new — and possibly higher — bill and then get reimbursed if they win the appeal.
City controller Alan Butkovitz on Tuesday told council that the abatement is basically unfair to other homeowners who now face higher taxes under AVI.
City Council members say their own analysis of new property assessments points to the great need for relief measures for those hit hardest by rising property values.
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