Philadelphia is overhauling its property tax system. For years, property assessments have been inconsistent and often inaccurate and the city is planning to normalize these through the Actual Value Initiative (AVI). The total amount of tax the city will collect will not change, however, where it comes from will be reallocated. Some property owners will be paying more (in many cases, particularly in our neighborhood, significantly more, sometimes twice as much or more.) Some property owners, whose property values were overestimated in the past, will be paying less.
PSCA has been attending meetings with representatives from other civic associations to keep informed about concerns around AVI’s implementation. To date the city has moved forward as promised, but we have ongoing concerns that our neighborhood will be hit particularly hard as property values are reassessed to reflect accurate market property values. We want to be sure we keep our neighbors informed about the coming changes. Also, now that the new valuations have been released, we want to gather feedback as to whether our neighborhood feels the assessments have been done in a way that’s fair and accurate and how neighbors think this new system will affect them.
Want to know more about AVI? We’ve prepared an AVI Fact Sheet.
Please take a moment to answer the questions found on the survey link located here to tell us about your awareness and concerns around the city’s coming AVI implementation. Please submit survey responses by March 25th. If you have any questions or trouble accessing the survey, email us at email@example.com
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