By now you’ve probably heard that the mayor and City Council are in the midst of debating a property tax reassessment. Under this new plan, some people will pay more in property taxes, others will pay less.
But we know the primary concern of most Philadelphians is probably not policy issues — it’s how much they’ll have to pay in property taxes once the new assessments kick in. City Council hasn’t finalized its property tax plan yet, but enough information has emerged for you to make a preliminary estimate at what you’ll be paying after AVI — if it passes. On this week’s It’s Our Money podcast, we walk you through the calculations. We want to stress, this is still speculation. But it’s educated speculation. If you want to see these numbers in print, check out Philly Clout’s rundown.
Check out the It’s Our Money podcast, and find more at www.ourmoneyphilly.com.
Do you have a rant, rave or question about property tax reassessment in your neighborhood? Let us know in the comments below.
It’s Our Money is a joint project of the Daily News and WHYY, funded by the William Penn Foundation. We shed light on where your tax dollars are going.