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.
Under the program, the assessed value of the participating homesteads in each district is reduced by an equal amount, cutting the tax.
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.
Philadelphia’s Chief Assessment Officer, Ritchie McKeithen, was on the hot seat Tuesday during the second day of budget hearings in City Council chambers.
You may have your assessment, but two major questions are still unanswered: what is the rate on which that assessment will be taxed? And, what (if any) relief measures — such as a homestead exemption — will be offered by the city?
An early appeal may be the first recourse for thousands of Philadelphia homeowners if they take issues with new property assessments that were mailed out by the city Friday.
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.
Sticker shock in the form of new property values are due to be mailed out to Philadelphia homeowners in about two weeks.
The single biggest issue facing Mayor Nutter and City Council during 2012 involved a plan to overhaul Philadelphia’s property tax system.
A city councilman is proposing a huge overhaul to the long-controversial 10-year property tax abatement in Philadelphia.
The budget season is over at Philadelphia City Hall. City Council has passed a $3.6 billion budget, ending a tumultuous three-month stretch during which tough decisions were made on how to make ends meet.
Confusion reigns at Philadelphia City Hall as council and the Nutter Administration grapple over the already overdue budget as well as how to fix the property tax system.
Council President Darrell Clarke postponed a Thursday morning budget hearing until next Tuesday. He hopes that will be the time when the council members come to an agreement on the perplexing budget.
The letter states that there is some apparent confusion about last year’s 9.9-percent tax hike to help the city’s finances and stave off enormous cutbacks.
Ocean City is raising the price of its seasonal beach badges to $25 this summer, up from $20 last year.
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