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Tag Archives: Tax Appeal

New Philadelphia AVI | Appeal your tax assessment

The city's new property tax assessments are going to save one neighbor a lot of money and increase another's just as much, if not more.  The bottom line is that there is very little uniformity with this system.  This new system is known as the Actual Value Initiative and assessments are based on 100% of market values.

So we looked at this map provided to the public by AxisPhilly and we studied the increases projected in the dark red sections of the map.  Let's just say some people will have no choice but to appeal since their tax burden increased exponentially.

Lets take a look at one example. 1075 Southampton Road, Philadelphia, PA 19116.  It looks like its a small little private club who's taxes are going up from $14.852 to $77,209. That's some increase and could possibly put this venue out of business and devalue the real estate tremendously and may even make it unmarketable.  If it is an income producing property, the increased tax burden may also affect the rate of return and may cause the property to go from positive to negative cash-flow and deter any lender to finance future loans against the property.

Real estate taxes not only have an affect on the home owner's ability to pay the taxes, but also on the homeowner's ability to sell it as well.  If the taxes are high on a property, it can devalue it significantly as a prospective buyer may look at another property that has a lower tax burden.

You can certainly use the City's AVI Calculator, however, this wont tell you if your property's tax assessment is consistent with the surrounding area and reflects the recent sales.

The city established two levels of review which requires you to file an Application with supporting documents by March 31, 2013. If an agreement cannot be reached a formal appeal with the Board of Revision of Taxes (BRT) can be filed by the first Monday in October 2013 (October 7, 2013).

The Law Offices of Michael Kuldiner, P.C. is a full service law firm with significant experience in reducing real estate tax assessments and has been very successful in providing its clients with savings over the past few years. We offer our services strictly on a contingency basis.

These are some of the results we achieved for our commercial and residential clients in the recent years:

• XX Sunflower Way, Huntingdon Valley, PA - Tax reduction of 33%

• XXX Seitz Rd., Schwenksville, PA - Tax reduction of 44%

• XXXX 1602 Manning Blvd., Levittown PA - Tax reduction of 41%

• XXX Greycliffe Ln, Maple Glen, PA - Tax reduction of 27%

• XXX Christian St, Philadelphia, PA - Tax reduction of 28%

Just like anything in life, you need to get a professional involved who has experience working with the city's assessors and their evaluators.  Let us appeal your tax assessment - contact us and let us help you navigate through this complicated process and obtain the best results possible.

You may fill out a form at the top right of our page, email us at info@phillyesq.com or call us at (215) 942-2100 and we will be able to give you a preliminary review of your 2014 assessment.

Phila Tax Hikes | Conducting a Tax Assessment Appeal

Philadelphia Tax Assessment Appeal  

This is just one example of the tax hikes. The Philadelphia tax hikes are hitting everyone hard - some people have contacted our office with astounding new figures that they just can't believe. With the mathematics and realistic values of these properties, we wonder where the owner will come up with the difference of $63k to pay for the taxes. We will explain what exactly is going on, how it affects you, and how you can fight it.

   

The new assessments are intended to reflect the actual market value of the property (the price the property would sell in an open market transaction), however, as you can see from our example, this approach is flawed.

   

If any taxpayer that disagrees with the new assessment, they will have the opportunity for informal review (the first level of appeal).  According to the OPA, the deadline to request such a review will be March 31, 2013.

   

If a taxpayer still believes that the assessed value is incorrect after the informal review process, he or she will have the ability to file a formal appeal with the Philadelphia Board of Revision of Taxes before the annual appeal deadline – October 7, 2013.

   

If you want to see if your property is a good candidate for a tax assessment appeal, contact us at (215) 942-2100.

Philadelphia Tax Assessment Appeal 2012-2013

Tax Assessment Appeal - Philadelphia Common Level Ratio revised to 25.2% for 2012 - 2013

STEB, known as the State Tax Equalization Board has revised the 2012 common level tax rate for property in Philadelphia from 18.1% to 25.2% for tax assessment appeal purposes.  This function of the Board is to establish a common level ratio of assessed value to market value for each county for the prior calendar year.  Act 267 of 1982 requires the State Tax Equalization Board to use statistically-acceptable techniques, to make the methodology for computing ratios public, and to certify the ratio of the chief assessor of each county each year.

If you are planning on appealing your assessment for 2013, this is great news.

Since Philadelphia continues to use an assessment rate of 32%, the new ruling makes the Philadelphia predetermined ratio appears to violate Pennsylvania law. The Pennsylvania General County Assessment Law provides that there cannot be more than a 15% difference between the common assessment level rate and the county’s Established Predetermined Ratio . 72 P.S. § 5020-511(c).

You can contact us for a no cost evaluation to see if your property taxes are too high and if a property tax assessment is warranted for your property. Call us at 215-942-2100 or email us at Michael@Phillyesq.com

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