ADOPTED

This adopted resolution asks the Pennsylvania General Assembly to authorize Philadelphia City Council to limit increases in property assessments for 2002 and 2003 to between 4% and 10%, with the exact limit set by Council. It also asks that assessments above the limit be recertified and allows the limit to apply only to properties whose owners have not changed, while broader assessment reform remains pending.

Requesting the Pennsylvania General Assembly to enact legislation to provide that the Board of Revision of Taxes ("BRT") shall not certify any assessments of real property for calendar year 2002 or calendar year 2003 that exceed the prior year's assessment for any particular property by such percentage amount as Council shall ordain, provided that such maximum percentage increase shall be no less than (4%) and no greater than ten percent (10%), and to provide that Council may also ordain that such maximum percentage increase in assessments shall only apply if a property is owned by the same person who owned the property at the time of the prior year's tax levy, all pending action to reform the assessment process in Philadelphia.