City Council looks to help homeowners, keeps property tax stable
“Growth is good,” Mayor Levar Stoney said last week. “But there's a flip side to that.
Stay updated with breaking news from Jonathan Sgro. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
“Growth is good,” Mayor Levar Stoney said last week. “But there's a flip side to that.
Nearly 80% of homeowners in Philly are currently enrolled in the city’s Homestead Exemption program. All of them will see their property values cut by $80,000.
Introduced by Councilmember Kenyatta Johnson, the seven-point plan is backed by a veto-proof supermajority.
The average residential assessment is rising by 31% and a large number of challenges are expected. Plus, here are some programs to offset the burden.
Elizabeth Vermillera, a retired pharmaceutical technician, spends her days handing out...