Pennsport: Neighbors React to Actual Value Initiative
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 may have to leave their homes. The Actual Value Initiative (AVI) is a program which is supposed to accurately assess […]
Pennsport: AVI Assessments Take a Toll on Homeowners
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 of all the properties in the city at their current market value. The Actual Value Initiative reflects the value at […]
Axis Philly: Community Group Supports Use of Land Bank
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 Land. The campaign is supported by over 40 community, labor and faith-based organizations. Jill Feldstein is the organizing and advocacy […]
West Oak Lane: AVI Has Residents and Business Owners Worried
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 many Philadelphia residents, while increasing revenue for the city. Property owners received notice of their new property tax amount in […]
Axis Philly: Effects of Actual Value Initiative Greater on Multiple Property Owners
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 age of the property, a property’s location and condition, and the property’s use. The property’s use determines whether the owner […]
Axis Philly: AVI’s Actual Impact on the Chestnut Hill Real Estate Market
[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 doing so. Matt Paul recently sold his home on 263 E. Evergreen Ave. in Chestnut Hill. While he had difficulty […]
Axis Philly: Chestnut Hill Business Owners Still Feeling Insecure About Actual Value Initiative
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 the owner of the Chestnut Hill Cheese Shop and the building that the business is located in at 8509 Germantown […]
Axis Philly: Residents Think City Could Have Communicated Property Reassessments Better
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, going from $192,700 to $653,700, according to the Office of Property Assessment. This would put Shore in line for an increase […]
Axis Philly: Chestnut Hill Community Association Keeps Residents Informed About Actual Value Initiative
[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 new assessments and for the future when the new tax rates are released in the spring. Brien Tilley is the […]
Axis Philly: City Residents Concerned About Service Cuts
[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 with what services provided through the city’s operating budget would continue to be cut. Anna Wallace Adams is the Department […]