State law makers jump into property tax revenue fray

The last two years, when the city debated property tax hikes, state lawmakers from the Philadelphia area were not major players. But this year, as the mayor and Council consider a property tax reassessment — and the possibility of collecting $94 million from taxpayers for the School District — state lawmakers are all up in the city’s business. Four different lawmakers have sought to stop the city from collecting more in property taxes after the reassessment.

One of those lawmakers, State Sen. Larry Farnese, withdrew his proposal to require the city to vote on the reassessment and sending more money to the School District separately, because City Council agreed to do so regardless.

Still, Harrisburg lawmakers have very much crashed the city’s property tax party this year. What gives? Listen to this week’s It’s Our Money podcast to find out.

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.