Property Tax Assessment
City Council committee has given initial approval to a bill that staves off next year’s property tax bill for those who are still in the process of appealing the new assessment.
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.
City controller Alan Butkovitz on Tuesday told council that the abatement is basically unfair to other homeowners who now face higher taxes under AVI.
Philadelphia residents who want to take advantage of the 2014 homestead exemption have until next summer to apply, but they may want to get that application in by the end of the day today.
Mayor Nutter’s plan to reassess every single property in Philadelphia came under the microscope during a City Council hearing, with lawmakers voicing concern that longtime residents may face ‘sticker shock’ at year’s end.
Today brings the start of two months of Philadelphia City Council hearings on Mayor Nutter’s new budget, and the process could get heated over Nutter’s plan to overhaul property assessments, while bringing in $90-million extra to the Philadelphia School District.
If you own a home in New Jersey, you have or soon will receive that green postcard indicating the tax assessed value of the property.