real estate taxes: Your AVI (Actual Value Initiative) Handbook / Playbook - 09/29/12 06:45 AM
Your AVI (Actual Value Initiative) Handbook / Playbook
We all know that it is looming, that dark unknown cloud coming to your neighborhood - the AVI - where real estate taxes will soar to help fund the ailing Philadelphia School District and the hapless City Council folks who cannot think of any other way to fund the City's budget woes and bankrupt City. I have created a handbook or in the spirit of football season, I have created a Playbook, if you will, of how this game will be played out.
Before I begin, let's all try to get to our happy place.  … (18 comments)

real estate taxes: Will the AVI derail the housing market recovery in Philadelphia ? - 08/11/12 11:36 PM
 Will the AVI derail the housing market recovery in Philadelphia ?
Similar to across the country, the Philadelphia real estate market has already started to rebound, showing many signs of strength.   Total housing inventory has decreased from 8,888 units to 7,862 units (from 12.4 months to 10.4 months of supply).   From June 2011 to June 2012, total homes sold ticked up to 4,533 from 4,450 with median prices being up 4.8 percent during that same period.   In many parts of Philadelphia, the inventory for some neighborhoods is extremely low where many properties sell quickly with multiple offers.   In 2012, the homebuilders have been … (2 comments)

real estate taxes: Like It Or Not, We Are Bailing Out The Philadelphia School District! - 06/20/11 01:20 AM
Like It or Not, We Are Bailing Out The Philadelphia School District !
Is this deja vu, history repeating itself, or just a broken record ? Last year, property taxes were raised 10 percent.  This past week, it was announced that City Council voted to raise property taxes 3.85 percent.  And why are the taxes being increased yet again ? It is to bail out the poorly run Philadelphia School District.  It is mind blowing enough that the School District has the audacity to ask for over $100 million to begin with but what is worse is that they will receive over $50 … (3 comments)

 
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