Philadelphia County to Mail Reassessment Figures to Property Owners in February 2013


Philadelphia County will be issuing the new “Actual Value Initiative” reassessment figures to every Philadelphia property owner in February. These new assessments are to reflect the actual market value of the property. More specifically, actual market value is the price that would have been paid for the property February 1, 2013, if it was for sale on the open market.

Any taxpayer that disagrees with the new assessed value of the property may submit an informal review form, which will be included in the February 2013 mailing, to request an informal review by the Philadelphia Office of Property Assessment (“OPA”). The form will offer an opportunity to the property owner to provide information to the OPA for consideration. The OPA will then determine if an adjustment in the assessment is warranted. If a taxpayer still believes that the assessed value is incorrect after the informal review process, the next step is to file an appeal with the Philadelphia Board of Revision of Taxes before the annual appeal deadline (October 7, 2013).

We are well prepared to assist you in evaluating the tax implications of the reassessment figure you receive, and whether an appeal is warranted. Please contact the authors if you have any questions regarding this matter.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

Written by:


Reed Smith on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.