READ AND PASSED

The enacted ordinance amended Philadelphia’s real estate tax rules for tax year 2014 when a property’s assessed value was under appeal. For qualifying taxpayers who filed an appeal on time and paid at least the prior year’s tax by March 31, it paused additions, interest, and penalties, limited the bill to no more than the prior year’s tax, and allowed 30 days after the appeal decision to pay any remaining balance.

Amending Section 19-1303 of The Philadelphia Code, entitled "Discounts and Additions to Tax," by tolling additions, interest and penalties when the assessed value of property is under appeal; limiting what the Department can bill for tax years under appeal; and requiring for the tax year under appeal payment of an amount at least equal to the prior year's tax; all under certain terms and conditions.