Tuesday, September 1, 2015

"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

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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.

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William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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