Tuesday, August 4, 2015

City will start mailing AVI assessments to residents on Feb. 15

The city on Feb. 15 will start mailing notices to land owners about what the assessed value of their properties will be under the Nutter administration's new property tax system, which is slated to go into effect next year, officials said Tuesday.

City will start mailing AVI assessments to residents on Feb. 15

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Homeowners who were affected by the collapse of the housing market and a wave of foreclosure abuses may get a share of the $25 billion settlement announced Thursday morning.
Homeowners who were affected by the collapse of the housing market and a wave of foreclosure abuses may get a share of the $25 billion settlement announced Thursday morning.

The city on Feb. 15 will start mailing notices to land owners about what the assessed value of their properties will be under the Nutter administration's new property tax system, which is slated to go into effect next year, officials said Tuesday. 

Those assessments will not include what tax bills will be because Council has to approve tax rates, which it is supposed to do by summer time. 

Council members will receive information on how the new assessments impact specific neighborhoods within the next eight days, city Finance Director Rob Dubow said Tuesday. That information will become public soon after.

With the Feb. 15 mailing, property owners will also receive information on how to appeal their new assessments to the Office of Property Assessment. The deadline to do so is March 31. If, upon hearing back from OPA, you're still unhappy with the decision, you can appeal to the city Board of Revision of Taxes by Oct. 1. After that, residents will have to take the city to court to change get their assessments changed. 

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The Actual Value Initiative seeks to fix Philly's problematic property-tax system, which bills thousands of properties based on outdated assessments, by determining the current value of every plot in the city. Nutter has said the purpose is to create a fairer system, not to raise revenue.

The administration also said Tuesday that the total taxable value of properties in Philadelphia, according to the new assessments, has reached $98.5 billion, up incrementally from the past estimate. Under the current system, the total value of the city's taxable land is worth $38 billion.

Only 5,000 properties haven't been assessed yet. Owners of those plots may be notified in a separate mailing later in February or March.

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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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