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Pew Charitable Trusts Releases Report on AVI

posted Nov 30, 2012, 3:34 PM by lsna webmaster   [ updated Nov 30, 2012, 3:52 PM ]

For decades, Philadelphia’s property tax system has been criticized as outdated and unfair. In many cases, assessments have had little relation to actual property values—or to assessments of similar structures across the street. In the spring of 2013, Philadelphia City Council is expected to adopt an overhaul of the city’s property tax system, effective for tax bills due early in 2014. It is called the Actual Value Initiative (AVI).

The Actual Value Initiative would transform property taxation in Philadelphia in three significant ways, changing the certified market value of every piece of property in the city, the way individual assessments are used to calculate tax bills, and how property owners deal with any big tax increases that might result from the new system.
 
The Pew Charitable Trusts' Philadelphia Research Initiative has released a report examining the challenges of Philadelphia's AVI. 
 
A summary of the report can be found here:
 
The full report is located here:
 
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