Sunday, December 28, 2014

Property assessors working to finish reassessments

There's a good chance city property assessors have already given your home a once-over as part of the massive reassessment effort underway.

Property assessors working to finish reassessments

So there's a good chance city property assessors have already given your home a once-over as part of the massive reassessment effort underway.

Chief Property Assessor Richie McKeithen today told the Pennsylvania Intergovernmental Cooperation Authority that the city is about 70 percent through the daunting job of re-evaluating the city's 450,000 residential properties. The reassessment process is part of moving to a system that uses market values as the basis for property tax bills, rather than the current system, which is based on "fractional" assessments.

McKeithen said his team has noticed a lot of new construction that may not have been on the books before, but he said he couldn't yet tally the new construction, tear-downs or renovations. He said they expect to complete field work within the next two months and are on track to send out new assessment notices by October.

Asked about how people feel about the process, McKeithen said "most of the people we talk to are not worried about the assessment, it's about what am I going to pay in taxes."

The Nutter administration has drawn criticism for planning to bring in more revenue in the next budget year through the shift to the new property tax system. They expect $90 million in additional revenue, all of which will go to the school district. Critics call it a back door tax hike, while Mayor Nutter says the city is simply capturing the increase in property values.

About this blog
Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
 Follow Chris on Twitter

Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
 Follow Jenny on Twitter.

PhillyClout Team
Also on Philly.com
Stay Connected