An Inquirer editorial Tuesday takes a look at a new study by The Inquirer and PlanPhilly that finds a correlation among tax-delinquent properties, abandonment, and depressed values. The study estimates that tax-delinquent properties cost their neighbors an average of 22.8 percent of property value.
Here’s the bottom line for the Editorial Board:
Philadelphia can't afford to carry the dead weight on its broken back of property owners whose tax-delinquent holdings rob the city of millions in tax dollars that could be used to improve city services and help the drowning School District.
Read more Inquirer commentary here.