Still confused/infuriated about those property assessments?

AVI2If you’re still befuddled, the city wants to clear up a few things about the property assessments that were sent out this month under the city’s new Actual Value Initiative. You can get all your questions answered – well, some, anyway – by attending one of three public meetings scheduled throughout the city this week.

Luckily, you won’t have to go far. One is on Saturday March 9 at Neumann-Goretti, 11th and Moore streets, from 10 a.m. to 5 p.m.

Newsworks reports that Mayor Nutter has gotten wind of the griping and is standing his ground.

Nutter is defending the assessments, especially after groups including the city controller contend they could be off by 30 or 40 percent in some cases.

“I’m not an expert, but I know enough to know that we have real experts in house that do this work that can explain what the methodology was,” said Nutter. “I think, again, as I am hearing some of these reports folks are taking samples they are picking and choosing they might not have as long a time frame as the Office of Property Assessment has done.”

Of course, no one at the meeting will actually be able to tell you what your taxes are going to be because City Council still hasn’t set the tax rate, which could be as high as 1.4 percent of value. Play with this nifty calculator to see what you might have to pay.

But it all depends on whether Council passes any measures to lower taxes for some people, like that homestead exemption. Anything that lowers taxes for a group of people – i.e., homeowners, the elderly, long-term residents, etc. – then the overall tax rate goes up.

That means renters, by the way, are probably going to get screwed because landlords will try to pass along their tax increases to tenants. And those properties won’t be eligible for the homestead exemption. Read this story for some more info on that aspect of the debate.


3 thoughts on “Still confused/infuriated about those property assessments?

  • March 7, 2013 at 1:21 pm

    I don’t want to pay property taxes based on the value of my property, that would be horrible, wanh wanh wanh. The schools are terrible, wanh wanh wanh.

    I think the Simpsons put it best.

    I think any exemptions for the elderly and other possible hardship cases should be based on deferring taxes to be paid at the time the property is sold, not reducing them.

    Of course fairness is important. But I have to tell you, we just got our assessment in the mail, and it’s pretty close to what Zillow says our house is worth (less than we paid for it, but it’s not a great market).

  • March 7, 2013 at 9:47 pm

    Better yet… the people complaining about their new assessed value who have re-financed their home and have appraisals at a higher value that their new re-assessed value. No matter what you say, the assessed value is wrong and too high. Apparently the value of your house changes depending on what you want to do with that value.

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