Mayor Nutter will pay $460 less in yearly taxes if his Actual Value Initiative moves forward with a 1.25 percent rate. He says he will donate that figure to city schools.
In addition to his own new assessment, Nutter released the new property valuations (PDF) and tax bills for his executive team. While many face only small increases, others are not so lucky.
Angela Dowd-Burton, executive director of Philadelphia’s Office of Economic Opportunity, faces the steepest jump – an additional $5,540 yearly.
City Finance Director Rob Dubow, on the other hand, saves money. His 2014 assessment, if AVI passes, will lower his tax bill by $2,710.