Official:Amending Section 19-1301 of The Philadelphia Code, entitled "Real Estate Taxes," by providing that the taxes levied on a property under that section shall not increase in any one year by more than a specified percentage as the result of an increase in the assessed value of the property as returned by the Board of Revision of Taxes, under certain terms and conditions.
Sponsor: Councilmember Nutter
Introduced: September 19, 2002
Voted: December 12, 2002
: Committee on Finance
Status: Lapsed
This bill proposes to limit annual increases in real estate taxes based on property assessments.
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