Sunday, December 28, 2014

AVI Tax Changes by Neighborhood

AVI Tax Changes by Neighborhood

The Inquirer compared the 2013 tax bills of 452,377 residential properties against their 2014 bills under Philadelphia's Actual Value Initiative (AVI), based upon an estimated tax rate of 1.25% of their newly assigned market values.



The 1.25% rate is subject to change based on approval of the city budget. That rate does not include tax-relief measures, such as a $30,000 homestead exemption. The assessments of about 4,800 residential properties are still under review, and their tax bills could not be calculated.



Click on each neighborhood in the map below for market values and estimated property-tax bills for 2013 and 2014.



SOURCE: Office of Property Assessment; Inquirer analysis by DYLAN PURCELL and JOHN DUCHNESKIE


JOHN DUCHNESKIE / The Philadelphia Inquirer

The Inquirer compared the 2013 tax bills of 452,377 residential properties against their 2014 bills under Philadelphia's Actual Value Initiative (AVI), based upon an estimated tax rate of 1.25% of their newly assigned market values.

The 1.25% rate is subject to change based on approval of the city budget. That rate does not include tax-relief measures, such as a $30,000 homestead exemption. The assessments of about 4,800 residential properties are still under review, and their tax bills could not be calculated.

Click on each neighborhood in the map below for market values and estimated property-tax bills for 2013 and 2014.

SOURCE: Office of Property Assessment; Inquirer analysis by DYLAN PURCELL and JOHN DUCHNESKIE
JOHN DUCHNESKIE / The Philadelphia Inquirer