Wednesday, January 28, 2015

Tax Changes From AVI

Tax Changes From AVI

As part of the process for establishing current market values throughout the city, Philadelphia's Office of Property assessment created more than 600 Geographic Market Areas - small groupings of blocks where properties are similar and sell for similar amounts.



The map below shows how the the city's Actual Value Initiative (AVI) is affecting the average residential market value and tax bill for the Geographic Market Areas with 10 or more properties. The figures were calculated using an estimated 1.25% tax rate, which is subject to change.



Click on areas in the map for detailed information, or enter an address to zoom in to a specific area.



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


JOHN DUCHNESKIE / The Philadelphia Inquirer

As part of the process for establishing current market values throughout the city, Philadelphia's Office of Property assessment created more than 600 Geographic Market Areas - small groupings of blocks where properties are similar and sell for similar amounts.

The map below shows how the the city's Actual Value Initiative (AVI) is affecting the average residential market value and tax bill for the Geographic Market Areas with 10 or more properties. The figures were calculated using an estimated 1.25% tax rate, which is subject to change.

Click on areas in the map for detailed information, or enter an address to zoom in to a specific area.

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