Actual Value Initiative

News & Analysis as of

Philadelphia Property Reassessments

The Philadelphia Office of Property Assessment (“OPA”) has announced that it will be issuing new “Actual Value Initiative” reassessments for every property in Philadelphia in February. Therefore, every property owner in...more

Commonwealth Court Opinion Contains Important Lessons for Property Owners

On January 23, a panel of the Commonwealth Court in Krohn v. Snyder County Board of Assessment Appeals, Nos. 116 and 117 C.D. 2012 (January 23, 2013), overturned an attempt by Snyder County to reassess a two acre tract of...more

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...more

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