Two weeks before Philadelphia homeowners are due to receive updated property assessments, Mayor Michael Nutter has announced new efforts to crack down on those who avoid paying their property taxes.
Katz voiced concern that sticker shock could be in store for young families who bought in to gentrifying neighborhoods. “And if en masse large numbers of them put ‘For Sale’ signs out, it’s going to drive the value of housing down,” Katz said.
Also looming is the continued financial woes of the school district, and the debate over the planned closure of 37 school buildings.
Last week the mayor gave out just the first assessment figure: $96.5 billion, the new total value of all properties in the City of Philadelphia.
One day after briefing city council on the overhaul of Philadelphia’s property tax system, Mayor Nutter said the change will not be used to increase total revenues overall. But he readily admits some individual homeowners will end up paying more.
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.
“There’s no magic money tree but I think people in these towns will recognize that, if they believe that the money is being spent reasonably and responsibly to rebuild their towns, they’ll be happy to do it,” Christie said.
Governor Corbett is expected to sign legislation headed to his desk that would authorize a key element of Mayor Nutter’s property tax reform initiative.
Mitt Romney is the person who needs to put up or shut up in his dispute with Harry Reid. There is no reason to believe a word he is saying about his taxes.
Mayor Nutter is warning of possible confusion over property taxes next winter, stemming from City Council’s decision to delay new assessments by one year.
Support in City Council for the mayor’s proposed property tax overhaul appears to be crumbling, as lawmakers today try once again to hammer out a budget deal.
City council today will again hunker down and try to hammer out a budget deal. But first votes last week on a new property tax system, and new money for the school district, may not survive on final passage.
Chris discusses Mitt Romney’s chances of winning Pennsylvania and Philadelphia leading the nation in bed bug infestation. He talks to Jay Wiederhold, of the Pennsylvania Beer Alliance, and State Representative Mike Turzai about the efforts to privatize liquor and beer sales, to Kevin Williams about a special showing of his film, Fear of a Black Republican, and to Kevin Cirilli, of the Philly Post, who is covering the Jerry Sandusky Trial.
Working late into the evening Thursday, City Council members reluctantly gave initial approval to an overhaul of Philadelphia’s property tax system.
All “senior freeze” applications had been due by Friday, while the deadline for homestead benefit applications was June 30.
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