City has likely checked out your house for tax purposes

Posted: March 20, 2012

T HERE'S a good chance city property assessors have already given your home a once-over as part of the citywide reassessment effort under way.

Chief Property Assessor Richie McKeithen on Tuesday told the Pennsylvania Intergovernmental Cooperation Authority that the daunting job of re-evaluating the city's 450,000 residential properties is about 70 percent complete.

The reassessment process is part of moving to a system that uses market values as the basis for property-tax bills.

McKeithen said that he expects to complete field work within the next two months and that the city was on track to mail new assessment notices by October.

The Nutter administration has drawn criticism for planning to bring in $90 million in additional revenue for the school district in the next budget year through the shift to the new property-tax system.

Critics call it a back-door tax hike; Mayor Nutter says the city is simply capturing the increase in property values.

Contact Catherine Lucey at 215-854-4172 or luceyc@phillynews.com, or follow her on Twitter @phillyclout and on the PhillyClout blog at philly.com/ philly/blogs/cityhall

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