Special Report
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Real-Estate Roulette
Philadelphia’s ‘unbelievable’ assessments confound property owners with wildly inequitable taxes.
For now, though, the project is rocking between the waves.
The BRT argues that before it can implement the changes, City Council must adjust the millage rate - something it has not done in 20 years.
Councilman Frank DiCicco, who represents areas that would take the biggest hits, has said that Council would not change the millage until the BRT provided a detailed analysis of the new system's impact on homeowners.
Several measures before Council are aimed at mitigating the ill effects - among them, capping tax increases for homeowners whose properties have appreciated wildly. But if those proposals were enacted, DiCicco said, they would require special approval from the state General Assembly.
The overhaul is on indefinite hold.
Contact staff writer Anthony R. Wood at 610-313-8210 or twood@phillynews.com.
Inquirer staff writer Mark Fazlollah contributed to this article.
