Mayor Michael Nutter wanted to raise additional money for schools by implementing the Actual Value Initiative in 2012. Now the mayor says AVI will be revenue neutral. “The city is not ready to implement [AVI]. [continue reading…]
https://vimeo.com/65184435] Since Penn Alexander School opened its doors in 2001, it has consistently ranked as one of the top public schools in the city. The independent organization GreatPhillySchools.org – a collaborative effort including nonprofit organizations [continue reading…]
One possibility that City Council is considering is the gradual application of the property tax reassessments throughout the course of three years. A bill proposed by Councilman Mark Squilla of the 1st District would do [continue reading…]
Despite the fact that 56 percent of property tax revenues go toward the School District of Philadelphia, schools are still being closed. Philadelphia officials approved closing 23 public schools, about 10 percent of the city’s [continue reading…]
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 [continue reading…]
Residents of University City discuss their projected tax increases and how it will affect their political positions. [continue reading…]
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 [continue reading…]
Mayor Nutter’s proposed operating budget for fiscal year 2014 included $10 million in relief for small businesses that experience an increase in property taxes under AVI. The relief measure will be aimed solely at property taxes, [continue reading…]
Residents throughout Graduate Hospital have expressed concern about the lack of fairness and accuracy in property value reassessments under AVI, regardless of how long they have resided in the neighborhood. “I was born and raised [continue reading…]
University City is projected to see some of the most dramatic property tax increases in the city under Actual Value Initiative. For the University City District, it isn’t exactly clear what the overall effects of [continue reading…]
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