Official:Amending Section 2-305 of The Philadelphia Code, entitled “Office of Property Assessment; Chief Assessment Officers; Powers and Duties,” by further providing with respect to the manner in which assessments are determined for certain properties that are subject to resale restrictions; and by providing for additional reporting requirements with respect to such properties; all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: February 24, 2022
Signed: May 26, 2022
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends how property assessments are determined for certain properties with resale restrictions in Philadelphia. It requires the city to consider the impact of these restrictions on property value and report this information publicly.
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