property taxes

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…]

[vimeo 65107526] The city generates the majority of its revenue through the collection of property taxes. Not all of these taxes, however, are able to be collected. Currently, there is about $500 million in delinquent taxes [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…]

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 [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…]

[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 [continue reading…]

The primary election for the city’s chief financial auditor is May 21. There are two candidates on the forefront of AVI. Incumbent Alan Butkowtiz said his office believes that there are more errors with property [continue reading…]