City Council is waiting anxiously for more detailed data on how a shift to a new property-tax system will impact neighborhoods.
“I know the administration said they were going to try and get them to us before our first session, hopefully before the end of the month,” said Councilman Mark Squilla, whose 1st district includes Northern Liberties, Fishtown and Center City –neighborhoods that could be hit hard under a move to a property-tax system based on market values, the Actual Value Initiative (AVI).
Squilla, who led the charge to delay AVI last year, said the administration had previously promised more information before the start of the new year. “It is frustrating we really need to start working on this.”
In December the Nutter administration released data that showed the value of properties citywide is $98.5 billion. Today, Mayor Nutter said he received a preliminary update and that some people will be “pleasantly surprised.”