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Back to search resultsCOMMUNICATION 220727

September 12, 2022 TO THE PRESIDENT AND MEMBERS OF THE COUNCIL OF THE CITY OF PHILADELPHIA: I am hereby returning without my signature Bill No. 220413, which was passed by Council at its session on June 23, 2022. Bill No. 220413 amends Section 19-1303 of The Philadelphia Code, entitled "Discounts and Additions to Tax," by tolling additions, interest and penalties on real estate tax when the assessed value of property is under appeal and limiting tax payments due based on certain assessments under appeal. While supportive of the intent of this legislation, my Administration has concerns that this bill is bad fiscal policy. This Bill incentivizes anyone who sees an increase from 2022 to 2023 to appeal to delay an increased tax bill, even if their underlying assessment value is accurate. Additionally, delaying receipt of certain Real Estate Tax revenue until the Board of Revision of Taxes appeals come through can have negative budget implications, depending on when appeals get deci...

AI summary

This communication reports that Mayor James F. Kenney returned without his signature Bill No. 220413, a proposal concerning Philadelphia real estate taxes. The proposal would pause additions, interest, and penalties and limit certain tax payments while a property assessment is under appeal; the mayor said delaying tax revenue could affect the city budget.

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Status
PLACED ON FILE
Introduced
September 15, 2022
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  1. Council actionCITY COUNCIL

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