Philadelphia Property Taxes
Officials say it’s the most efficient method of generating the highest number of potential bidders and the most revenue.
The lawmakers seem intent on trimming the school district’s $103-million request to about $80 million, but how they’ll raise even that amount is very unclear.
Councilman Wilson Goode calls them “mega-nonprofits” — the city’s universities and health care institutions, which are now exempt from property taxes.
Last 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.
KYW Newsradio has learned that Mayor Nutter will propose a hefty increase in city property taxes in order to give the cash-starved Philadelphia School District an extra $100 million.
Jennifer 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.
City Council will take a look at extending exemptions for longtime Philadelphia residents whose property taxes jumped tremendously under last year’s reassessments.
“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.”
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.
The sponsor of the measure, Councilman Bill Green, says selling tax liens on foreclosed properties would bring millions to the school district that the city otherwise would never see.
The 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.
Councilman Wilson Goode, who had originally proposed reducing the abatement slightly, is now pushing a plan to scale back the abatement more drastically.
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.
The city plans to increase taxes on smokers and drinkers, and redouble its collection efforts on property taxes.
And tAlan Butkovitz says the administration needs to reassess its reassessments.