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.
The state’s Local Finance Board agreed Friday to lift the city’s cap on property-tax increases. That means the hike, which could raise $4.2 million, would take effect once the City Council approves the municipal budget.
Property taxes in Camden could go up by 23 percent if the state government approves a rate hike.
New Jersey Gov. Chris Christie is set to sign a bill Tuesday that aims to help New Jersey towns control costs and ease property tax increases.