Philadelphia’s chief real estate assessor says that large-scale annual reassessments will become the norm in years to come now that the Actual Value Initiative for property taxes is fully implemented.
The Board of Revision of Taxes is almost finished the gigantic job of processing more than 23,000 property assessment appeals for the 2014 tax year. There are about 2,000 left, Carla Pagan, the BRT’s executive director, told the Northeast Times.
The Board of Revision of Taxes has sent out a couple of thousand letters to property owners who are appealing their new assessments, advising them their 2014 taxes will actually be lower than they are this year. Given that fact, the BRT asks the letter’s recipients if they would consider withdrawing their assessment appeals.
Homeowners who asked the city to lower their new property assessments should start checking their mailboxes and calendars.