How Will AVI Specifically Affect Chestnut Hill?
A new map shines some light on that question.
The majority of homeowners in Chestnut Hill would likely see their property taxes increase between $1,000 and $3,000 if Mayor Michael Nutter's Actual Value Initiative (AVI) is implemented, according to a map released by the Philadelphia Public Interest Information Network. The map shows how AVI might specifically affect individual areas throughout Philadelphia if the tax rate is set at 1.8 percent of the home's value. That hasn't been settled yet but will be once City Council passes a budget. The body is required to do that by the end of June. AVI would likely require homes to be assessed at their actual market value. Here's a look at the Chestnut Hill numbers. The map only profiles certain properties and is intended to give a general …
Kaitlyn Foti
11:35 am on Thursday, June 21, 2012
Thanks for asking Karen. For the purposes of the article we used a filter by sale price feature, which selects random properties. Someone using the map for themselves can enter their address. We'll keep updating as the AVI issue unfolds, but it seems like your not alone in your concerns as many properties in Chestnut Hill would see an increase. more ›