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Council proposed cap on 2004 real estate tax increases tied to property assessments

Official:Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by providing that for tax year 2004, real estate taxes levied under that Chapter shall not increase 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, and by restating the rates of taxation in tabular form; all under certain terms and conditions.

Sponsor: Councilmember Nutter

Introduced: March 27, 2003

: Committee on Finance

finance housing taxation

No one voted on this bill

This bill was introduced in the 2000–2003 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.

That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.

Plain-Language Summary

This bill limits the increase in real estate taxes for tax year 2004 to a specific percentage based on assessed property value.

What This Bill Does

AI-written. Every figure is checked against the bill text.

The bill amends Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes." The substantive changes are

For tax year 2004, real estate taxes levied under Chapter 19-1300 shall not increase by more than a specified percentage as the result of an increase in the assessed value of the property.
The bill restates the rates of taxation in tabular form, showing the tax rates for each year from 1974 to 2003.
The definition of "Taxable Assessed Value" is changed for tax year 2004, with a new formula for calculating the value.
The tax rate for tax year 2003 and thereafter is specified as $3.474.