Would you like to know how much you're going to pay in property taxes before City Council passes a budget that depends largely on what it expects to collect from each property owner?
Well, too bad. Not going to happen.
Philadelphia is in the midst of its Actual Value Initiative (AVI), part of an endeavor to fix a historically inequitable tax system based on decades of bad and incomplete assessments. Assessors have fanned across the city in an attempt to tag each property with its market - actual - value.
But the job won't be done until at least September, and the new City Council, which convenes its first regular meeting Thursday, must pass a budget and set a millage rate - the property tax rate - before the start of the fiscal year July 1.
