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Philadelphia City Council mulls “gentrification relief” from property taxes

For more than a decade Graduate Hospital area of Philadelphia, PA has been one of the city’s fast developing neighborhoods. It continues to grow with new homes and skyrocketing home prices. While half the homes are filled with newcomers in Graduate Hospital, some homes are not.

These longtime residents in fast-growing areas are considered most effected to the real estate tax changes from Philadelphia’s property tax reform. Moving from the old real estate tax system to one based on the current market value of a property could mean an enormous tax increase to a home in Graduate Hospital.  To read more….

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April 30, 2013 - Posted by | Uncategorized | , , , , ,

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