Confused/terrified about AVI? Well, you can at least get some questions answered – even though you won’t be any less scared by the end – at a meeting sponsored by the Pennsport Civic Association on Monday night.
AVI is the Actual Value Initiative, aka the reason everyone’s property taxes and probably rents will skyrocket starting next year. The new assessments are supposed to be mailed out next month, though that won’t mean you know what you’re paying because City Council hasn’t set the property-tax rate yet. The talk most recently was 1.3 percent of value or 1.4 percent with a $30,000 homestead exemption. Of course, that could always change.