|Posted:||January 8, 2019 09:59 AM|
|From:||Senator Anthony H. Williams|
|To:||All Senate members|
|Subject:||Actual Value Initiative (AVI) Assessment Freeze|
|In the near future, I will be introducing legislation to place a temporary freeze on rapidly increasing property assessment values under Philadelphia’s Actual Value Initiative (AVI). This bill will keep in place property valuations from tax year 2018 until such time that City Council has addressed the findings of its independent audit.
Last year’s AVI reassessment resulted in a citywide increase of eleven-percent, with some properties exceeding a fifty-percent increase in value over one year. Wide variances in similar properties on the same block led council members to question whether the Office of Property Assessment’s methodology is sound, resulting in city council’s direction of an independent audit. The results of that audit made public last week found that:
Please join me in supporting this important legislation to ensure fairness and accuracy in Philadelphia’s property tax system. If you have any questions or comments, please contact my legislative office at 717-787-5970.