Amending Section 19-1301 of The Philadelphia Code, entitled "Real Estate Taxes," by revising the real estate tax rate, under certain terms and conditions.
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Section 19-1301 of The Philadelphia Code is hereby amended to read as follows:
§ 19-1301. Real Estate Taxes.
(1) For each of the following years, a tax is hereby levied at the following respective rates on each one hundred (100) dollars of the assessed value of taxable real property returned by the Board of Revision of Taxes in the year immediately preceding the stated year:
Year of Tax Tax Rate
* * * * * *
2008 [and each year thereafter] $3.305
through 2010
2011 through 2012 $4.123
2013 and each year thereafter $3.305
* * *
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate new matter added.
End
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