Philadelphia Property Taxes
Under current regulations, homeowners would have to pay the new — and possibly higher — bill and then get reimbursed if they win the appeal.
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.
The chambers of Philadelphia City Council were packed to the rafters with angry union members as mayor Michael Nutter prepared to unveil his new budget.
Councilman Jim Kenney has introduced a plan to cut spending so the property tax rate stays at or below 1.0 percent.
Tonight brings two meetings — the first of dozens expected this month — staged by the Nutter Administration to reach residents who are confused or upset by their new property assessments.
In recent days both city controller Alan Butkovitz and councilman Mark Squilla have claimed that inaccuracies in the AVI assessments exceed the industry-accepted margin of error. But Mayor Nutter begs to differ.
Second District councilman Kenyatta Johnson says his district is among those that will be hardest hit by the move to the so-called Actual Value Initiative (“AVI”).
If you have questions about the assessment, you can call the Office of Property Assessment at 215-686-9200, or go to phila.gov/opa.
The Nutter Administration is mailing out more than 500,000 assessments to property owners — the first wholesale remaking of property values in Philadelphia in many years.
Sources tell KYW Newsradio that at the meeting, the total value of all city properties was put at just under $100-billion.
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.
The mayor concedes that some of the Philadelphia school cuts will be difficult but says the district’s future requires “shared sacrifice.”
The ruling could cost the city and the school district millions of dollars.
Philadelphia property owners, residential and commercial, brace yourself: Mayor Nutter is unveiling a new budget while laying out a plan that will mean higher property taxes for many.
Property tax bills in Philadelphia use 32-percent, but the state says Philadelphia’s ratio should be much lower — 18.1 percent. The city is asking the state to reconsider.