Home News Philly property assessments double in some neighborhoods for 2023 tax year

Philly property assessments double in some neighborhoods for 2023 tax year

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On a sunny afternoon, Antonio and Marie Cordero Bonaparte adorned dead tree stumps with bright paint splashes in front of their North Philadelphia home.For them, small gestures of beautification like these, mostly in working-class Latin neighborhoods, are Big reason more People are moving to expensive new ones Construction near Norris Square.

“If we didn’t clean up the blocks and it was a chunky place, no one would be interested in living here,” said Antonio Bonaparte.

But now the tax is rising.

Bonaparte was shocked to learn at the end That week Neighboring real estate valuations have more than doubled under the city’s latest real estate revaluations. He saw first-hand how those hikes could change the neighborhood.

” read more: In Brewerytown and West Philadelphia’s rapidly gentrifying areas, significant tax increases can be seen after revaluation of new real estate.

Many people said when Bonaparte moved to Smasher Street due to rising taxes and rents. The Puerto Rican family, who left the Fairmount district in the 1960s, were the only Latin family in the German and Polish blocks. He inherits his Nagaya from his father and plans to pass it on to his daughter.

“I’m too old to move and start over. I retired and got a pacemaker and a defibrillator. I won’t go anywhere to the graveyard,” 64. Bonaparte, aged, said.

Property records show that Bonaparte is enrolled in a city bailout program that protects them from significant tax increases, but the couple was worried that their longtime neighbors couldn’t survive without help.

Reassessment has been Philadelphia’s political miller for decades, but new home construction has spread and local leaders have moved property tax hikes for many years to move black and Latin communities. Such graceful areas, fearing to accelerate, are becoming an increasingly battlefield city tax policy.

Philadelphia’s new real estate revaluation boosted residential real estate value by 31% on average across the city for the first time in three years, but inquirer analysis of valuation data shows that Residents of the rapidly developing area can see three to eight times as many hikes...

upon In the Bonaparte block around Norris Square, the median real estate valuation jumped 104% from $ 57,200 to $ 116,800. In Brewery Town, three miles away, new construction boomed, with median asset values ​​erupting above 75% in some areas, but a more modest increase in white areas throughout the city. Was seen.

Inquirer analysis based on valuation data collected from the city’s website on Monday raises questions about fairness and the city’s new methodology, but the Real Estate Valuation Authority still publishes full details on how real estate is valuated. Is not …

The 2018 and 2019 reassessments have increased the median value of single-family homes by 10.5% and 3.1%, respectively, leading to significant tax increases for thousands of homeowners, angry and scrutinized by taxpayers and city councils. rice field.This year’s reassessment is the first after the city Implemented a new computer system with a long latency, made other improvements, and acquired a new chief evaluator...

In an interview, OPA director James Aros Jr. said the city tried to correct past inaccuracies and match the city’s 580,000 real estate with real estate. Market growth.

“We analyzed sales for several years since the last revaluation, and we expect these revaluations to better reflect current market conditions,” Aros said.

” read more: What we know about how Philadelphia conducted a city-wide asset revaluation in 2023

Mayor Jim Kenney and City Council Negotiating bailout options There will also be an adjustment of the city’s wage tax to ease financial difficulties in order to pass the budget for the next year by June 30th. However, that budget may be finalized months in advance. Homeowners will receive an email notification of the new value.

Many internet savvy homeowners have looked at their new asset value upon City website..But the city said it may not be officially mailed We will notify you until September, one month before the appeal deadline. Authorities have blamed delays in supply chain issues and envelope availability issues.

Defenders of low-income homeowners have said many It’s confusing with notifications, has little time to process tax deductions, and highlights options that can help save thousands.

“They don’t understand [the notice], They ignored it and when they received the tax bill in December, they missed the deadline for informal appeals, “said Jonathan Sugro, a lawyer for community legal services. “The city needs more active outreach and education.”

The most popular break is Homestead exemptionThis knocks out $ 45,000 from the valuation If you own a house, city officials are trying to raise that amount to $ 65,000. The Long-standing home-resident program Assisting Qualified Homeowners Faced with a 50% or More Rating Increase Tax Freezing Alternatives for the Elderly I live on a moderate income. According to OPA, about 78% of homeowners participate in at least one tax cut program.

However, it can be difficult to learn and access these remedies options for tech-savvy homeowners, especially seniors and homeowners with limited English proficiency.

“For the next two weeks, I’ll basically explain in Spanish what this means to my neighbors, let them sit one by one, and their [address] Michel Carrera Morales, Executive Director of the Norris Square Action Alliance, said:

Some homeowners were shocked to learn from Inquirer reporters that their homes had doubled in value.

Judith Robinson, a North Philadelphia community activist working in real estate, says he plans to challenge her long-standing North Philadelphia home valuation, rising 87% from $ 58,200 to $ 109,000. I did.

“I encourage the entire community, long-time homeowners, to challenge their reputation because it’s a jumble of such numbers,” Robinson said.

City officials expect an appeal of 15,000 to 18,000 this year. Home advocates, meanwhile, are concerned about the impact on low-income lessors who may not be able to benefit from these remedies and pass on tax increases to tenants.

At El Sabor, a Puerto Rico restaurant in Norris Square Park, business owner Billie Joe Diana said she could afford to raise taxes on real estate owned in the neighborhood, but old people who were short of cash would leave their homes. If you sell The money will be tight.

“The city only cares about money,” Diana said of the assessment. “It’s wrong for people who have lived here for a long time.”

But not everyone is worried about hiking.

Kim Correa, who grew up in the neighborhood, said she and her siblings were helping her mother’s bills, which would benefit from the growing desire of the neighborhood. “I like it much better,” Correa said. “I can finally see another face.”

However, reassessment has also boosted home prices in parts of northern and western Philadelphia, where private market interest has declined in recent years, and poverty levels remain dire.

Part of Northern Philadelphia In the Glenwood section, we saw houses that were previously valued at an average of $ 39,100. Therefore, owners who are exempt from the house do not have to pay taxes. It jumped to $ 126,800 on average, a staggering 224% surge.

Mike Srey, a former chief assessor for Allegheny County, said Philadelphia authorities first explained the methodology and made a “big mistake” in announcing new assessments without specifying tax credits. He said he did.

“This will scare people in these poor areas,” Three said. “They need the government to ensure that we don’t pay them one penny more than their fair tax burden.”

Staff writer Sean Collins Walsh contributed to this article.

About data
The Inquirer analysis is based on 2023 assessment data. City asset valuation site Collected about 581,000 records on Monday afternoon. This is slightly below the city’s estimate for a total record of over 582,000. Inaccurate or incomplete data can affect the results of the analysis.
The analysis looks at all properties that the city classifies as single-family homes. The dataset does not allow a reliable way to exclude significantly changed properties, such as new construction.New data 2019 evaluation data, And properties have been assigned to census zones based on their geographic location. Inquirer calculated the median valuations of single-family homes in 2019 and 2023 in the census districts, and the rate of change in those medians. The 2019 figures are not inflation adjusted.

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