December 28, 1986 |
Birmingham supervisors have voted to close loopholes in the collection of local real estate transfer taxes. The ordinance, which will take effect in January, follows the lead of a state law that began in July. Susan Cassell, assistant press secretary of the state Department of Revenue, said recently that the state expected an additional $20 million in transfer taxes for the fiscal year 1987 as a result of the change. The real estate transfer tax, 2 percent of the selling price, is collected each time a property is sold.
November 5, 1990
Somewhere in the beyond, Max Weiner is not smiling. Sure, the lawsuit he brought in 1988 to overturn the illegal increase in the city's real estate transfer tax looks as if it will be finally settled. But looks can be deceiving, and Max was never one to rest until the final chapter was written. Sadly, this issue has been mishandled by the city's politicians at almost every step. Council passed the tax increase in the dead of night without giving voters an opportunity to comment or complain.
June 11, 2016
ISSUE | REAL ESTATE TAX Transfer levy unfair All Philadelphians should have safe, healthy, and affordable homes. It is equally important, however, that the city encourage home ownership, not create barriers to it. City Council should not take on $100 million in new debt and increase the city's real estate transfer tax to fix homes in disrepair ("Proposed transfer-tax rise assailed," June 3). Such a tax is regressive and narrowly based, and it falls disproportionately and unfairly on those who can least afford it. Low- and moderate-income families spend a greater proportion of their income on their mortgages and home purchases.
January 3, 1988 |
Without raising taxes, the supervisors of West Pikeland have adopted a 1988 budget that is 31.5 percent greater than 1987's. Despite the increase, to $357,350, increased revenues from the earned income tax and the real estate transfer tax are expected to cover the added expenditures. Property taxes will remain at 2 mills - $2 for each $1,000 of assessed valuation. The average property tax in West Pikeland is $29.20. The 1988 budget is $85,565 more than the 1987 budget of $271,785.
June 4, 2016 |
The region's real estate agents are pushing back on a proposed increase in the real estate transfer tax that, though only a fraction of a percent, they say would stymie home sales. Greater Philadelphia Association of Realtors president Paul Garvey said at a City Council hearing Thursday that the increase targets seniors looking to downsize and millennials looking to put down roots. "The burden of any tax increase will be greatest on young, first-time homebuyers, a critically important demographic in terms of revitalizing the city's economic base," Garvey said.
December 11, 1988 |
With no discussion, Charlestown supervisors voted 3-0 last week to approve a township operating budget of $398,258 for 1989. The budget, which is less than 2 percent higher than this year's operating budget of $392,253, will not require a property tax increase, said John C. Martin, chairman of the Board of Supervisors. State law requires municipalities to approve operating budgets by Dec. 31. The property-tax rate will remain at $8.50 per $1,000 of assessed value, township officials said.
December 31, 1997 |
A revolving door of residents in the borough has helped keep taxes stationary for eight years. Each time a house or property is resold, the borough collects a real estate-transfer tax. And borough officials say that in the 1990s, these transactions have been plentiful. Plentiful enough this year to keep property taxes at 19 mills under a $156,580 general-fund budget, which the Borough Council adopted unanimously Monday. This year, revenue from the real estate-transfer tax exceeded projections by 157 percent.
May 7, 1988 |
Senate Republicans have dropped their proposal to raise the state sales tax to 6.5 percent as part of a new tax-revision plan that would instead allow school districts and municipalities to implement personal income taxes. The new plan, unlike its several predecessors and House-passed cousin, is the first that does not deal with the issue of reducing the Philadelphia wage tax. Even its supporters concede it offers little for Philadelphia. Senate Majority Leader John Stauffer (R., Chester-Montgomery)
May 31, 1988 |
Amid a chamber overflowing with angry, booing taxpayers, City Council met this morning and began approving tax increases - including a 5 percent property tax hike - to fund a $1.95 billion city budget. The budget itself for the next fiscal year beginning July 1 was approved by a 12-4 vote just before noon. Voting for the budget were 12 of Council's 13 Democrats. Voting against it were the lone Democratic holdout, Joan Krajewski, and three Republicans, Thacher Longstreth, Jack Kelly and Brian O'Neill.
January 16, 1996 |
A standing-room audience is expected tonight as the township Board of Commissioners considers repeal of the condemnation of the Levin tract, which had been approved so the land could be purchased as open space. Commissioner Bill Spingler, sponsor of the condemnation ordinance, last week distributed fliers asking residents to tell their commissioners to support the acquisition. "We expect a heavy turnout at the meeting," said Spingler, the only Democrat on the board, which Republicans control by a 6-1 margin.