Actual Value Initiative

Philly Property Taxes

Dave Davies wrote this excellent piece on a tax estimator I prepared. http://www.newsworks.org/index.php/off-mic/item/38850

My comment to it as follows: Transparency & PA Constitution — Bill Green 2012-05-21 22:57
In addition to Dave's much better summary than my own I would add the following. The public should have enough knowledge about what the administration proposes to form an opinion. They really had no data without the spreadsheet. I don't predict what people will think about the data. It may well be that knowing the best and worst case people want AVI. I would argue putting bounds on it may be helpful although I am not making a judgement about whether or not it will be. Openness and transparency and adequate time for active citizen engagement should be our touchstone for anything this important. It was missing.

Also, we are the only major city in the country to not have the ability to tax residential properties at a different rate from commercial and industrial properties due to the uniformity clause of the PA constitution. The use and occupancy tax is the work around. It does not make us less competitive. The business taxes we have, especially the 6.5% net income tax DESTROY JOBS.

Finally, if the numbers I have are wrong, I will change my conclusion. I make decisions on data and evidence. If the data is different, my conclusion will be. I am being asked to act, I am assessing the data I have, I wish I had more data.

To see the release and estimator go to http://www.greenforphiladelphia.com/content/councilman-bill-green-introd...

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