Saturday, August 23, 2014
Inquirer Daily News

"Actual Value" assessments won't be mailed out until February

Curious about what the city thinks is the “actual value” of your property?

"Actual Value" assessments won't be mailed out until February

Curious about what the city thinks is the “actual value” of your property?

Well, you’ll have to wait a little longer to find out. Mayor Nutter yesterday announced that new property assessment notices based on market values – which won’t be used until the 2013-2014 tax year – will be sent to property owners on Feb. 15. Nutter had previously said that information would be mailed this September.

Administration officials said they are delayed because Nutter’s property tax overhaul was pushed back a year by City Council. As a result, the city is using the current system for another year and won’t go to a system based on market values – known as the Actual Value Initiative (AVI) – until the 2013-2014 fiscal year.

The delay means the city now has to prepare tax notices based on the current system to go out this fall, which means the market value information won’t be ready as quickly, said Finance Director Rob Dubow. It also means the new assessments will be sent out weeks before tax bills based on the old assessments are due, which could prove confusing.

Nutter did not rule out providing some information sooner to City Council, who stalled AVI in part because they were concerned about a lack of data on the new assessments.

You can see a timeline of relevent tax dates here.

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
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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
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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