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HomeActual value initiative

Actual value initiative

Featured Stories

Pennsport: Neighbors React to Actual Value Initiative

January 23, 2014

With the reassessment of property values due to the Actual Value Initiative, some lifelong residents are seeing their property taxes go up. Several assessments have tripled the property value, and some residents are worried they

Featured Stories

Pennsport: AVI Assessments Take a Toll on Homeowners

January 23, 2014

With the Actual Value Initiative (AVI) raising property taxes throughout the city, many Philadelphia homeowners are wondering exactly why and how this is happening. The main goal of AVI was supposed to be a reassessment

Housing

Axis Philly: Community Group Supports Use of Land Bank

May 1, 2013

The Women’s Community Revitalization Project has been working to help better the lives of women and their families living in North Philadelphia. One of the organization’s latest efforts is the Campaign to take Back Vacant

Property

West Oak Lane: AVI Has Residents and Business Owners Worried

April 16, 2013

Property owners in West Oak Lane said the city’s recent property evaluations have left them with financial stress. The reassessments are part of the Actual Value Initiative. This will result in a property tax hike for

Fairmount

Axis Philly: Effects of Actual Value Initiative Greater on Multiple Property Owners

April 14, 2013

The results of the Actual Value Initiative have created a huge variation among properties all across the city. The Office of Property Assessments establishes the value of property based on four things: the size and

Chestnut Hill

Axis Philly: AVI’s Actual Impact on the Chestnut Hill Real Estate Market

April 13, 2013

[vimeo 63924212] While some Philadelphians have been scrambling in the wake of the city’s property value reassessments under the Actual Value Initiative, some residents of Chestnut Hill who are selling their homes have had no problem

Chestnut Hill

Axis Philly: Chestnut Hill Business Owners Still Feeling Insecure About Actual Value Initiative

April 4, 2013

Before the new property assessments under the Actual Value Initiative were mailed out, business owners in Chestnut Hill were feeling anxious about what effects the new values would have on their establishments. Dan Weiss is

Uncategorized

Axis Philly: Residents Think City Could Have Communicated Property Reassessments Better

March 6, 2013

Richard Shore has lived in Center City for the past 30 years. After Philadelphia issued its property value reassessments under the Actual Value Initiative last week, Shore has been notified that his property’s value has nearly quadrupled,

Chestnut Hill

Axis Philly: Chestnut Hill Community Association Keeps Residents Informed About Actual Value Initiative

February 28, 2013

[vimeo 60534602] While some city residents were still feeling uninformed and anxious about the new tax assessments, Chestnut Hill was feeling a little more prepared. The Chestnut Hill Community Association has helped prepare residents for the

Chestnut Hill

Axis Philly: City Residents Concerned About Service Cuts

February 14, 2013

[vimeo 59602369] Residents citywide are still concerned with what Mayor Nutter’s Actual Value Initiative may have in store for their neighborhoods. While some are concerned about how much their taxes may increase; others are more concerned

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