Property Assessment notices to be mailed

Mayor Nutter and City officials provide update on the Actual Value Initiative (AVI).

Mayor Michael A. Nutter announced that Property Assessment Notices for tax year 2014 for residential, commercial and industrial properties are being mailed and are available online today. The Assessment Notices reflect, for the first time, the real value of properties in Philadelphia.

Assessment Notices for a small percentage of properties will be delayed, while the Office of Property Assessment finalizes assessment values and information. These notices will be mailed by March 1.

For decades, the property tax system in Philadelphia has unfairly undervalued and over-assessed properties across the City, said Nutter. Under AVI, for the first time, property owners will see a fair and equitable tax system based on an accurate valuation of real properties. These assessment notices will be the first of many that demonstrate our commitment to industry best practices and a transformed approach to assessing properties.

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