Report: AVI assessments ‘flawed,’ especially for lower-priced homes

avi
According to a report from the Crosstown Coalition of Taxpayers, many of these forms were returned to homeowners with “fundamentally flawed” figures. (Credit: Rikard Larma / Metro).

The Crosstown Coalition of Taxpayers, a group of 21 civic associations formed to address Philadelphia’s planned overhaul to the Actual Value Initiative of property tax assessments, announced on Tuesday the finalization of a report analyzing reassessment data calculated by the Office of Property Assessments for tax year 2014, when AVI is set to go into effect

According to the group, the report reveals the OPA’s valuation methods were “fundamentally flawed” and “fall far short of industry standards for accuracy.”

“The Crosstown Coalition of Taxpayers is in favor of the AVI goal of fair and accurate assessments, but must now reluctantly conclude that the job has not been well done,” CCoT’s Stephen Huntington said in a statement.

The Coalition in the report found that less expensive homes are overassessed, with homes whose sale prices are below $50,000 assessed at more than twice their market value.

The report claims multifamily properties, more expensive homes and large commercial buildings are overassessed, with the city’s two dozen largest office buildings being assessed at between 70 and 85 percent of their estimated market values.

Assessments on vacant land parcels that have been sold range from anywhere between 70 percent and 136 percent of their sale price, the group claims.

“Our analysis shows that the most expensive homes are assessed for less than their market value,” CCoT member Matt Ruben said in a statement.

“Homes selling for $50,000 are assessed at twice the market value. AVI is placing an unfair burden on the owners of lower-priced homes.”

Members of the Crosstown Coalition of Taxpayers will release the full report and discuss its findings in detail on Wednesday at City Hall, where they will be joined by City Council members Jim Kenney, Jannie Blackwell, Bill Green, Kenyatta Johnson and Mark Squilla.

The Council members will call on Mayor Michael Nutter to delay the implementation of AVI.

“I would like to thank the Crosstown Coalition of Taxpayers for its unbiased analysis of OPA’s data,” Squilla said in a statement.

“The report shows how much more work needs to be done before the assessments can be presented as fair and accurate.”

Data analysis chair Walt Spencer said the Coalition is willing to meet with the OPA to discuss the report, as well.

“If OPA can demonstrate that our findings are incorrect, we will publicly apologize,” Spencer said in a statement.

“However, if OPA cannot provide documentation to support its current assertions, I’m afraid that response will speak for itself.”


News
Entertainment
Sports
Lifestyle
News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

News

Mets mascot Mr. Met target of Bill Clinton…

Mets mascot Mr. Met has told how he ended up in the crosshairs of a Secret Service sniper rifle. The man behind the Mr. Met…

International

Jews in eastern Ukraine ordered to register, Kerry…

Secretary of State John Kerry condemned reports that Jews in eastern Ukraine had been ordered to register with the authorities "or suffer the consequences."

National

Chelsea Clinton pregnant with first child

Chelsea Clinton is pregnant with her first child.

Television

'Scandal' recap: Season 3, Episode 18, 'The Price…

Sally is Jesus, Olivia caused global warming, and Mellie's still drunk. Let's recap the Scandal finale. A church full of Washington insiders is about to…

Movies

Review: 'Transcendence' is not stupid but sometimes lacks…

The cyberthriller "Transcendence" explores artificial intelligence, nanotechnology and other ethical quandaries, but has too much ambition, if anything.

Television

Dick Wolf to bring fictionalized world of 'Law…

A&E has ordered a pilot called "D.O.A." from "Law and Order" mastermind Dick Wolf that will focus on real detectives reexamining cold cases. A trio…

Television

Shane West talks WGN America's 'Salem'

The actor on history lessons, a new network and showing his butt.

NHL

Rangers draw first blood against Flyers in Game…

Brad Richards and Derek Stepan scored power-play goals 47 seconds apart to lead the Rangers to a 4-1 win.

NBA

Carmelo Anthony agonizing over Knicks future as season…

There’s still the cloud hanging over the franchise’s head as to the pending free-agent status of All-Star forward Carmelo Anthony.

NFL

Jets host players with eye toward NFL Draft

The Jets hosted a number of NFL Draft hopefuls for workouts on Thursday, with an eye toward some under-the-radar players.

NFL

Chris Johnson: I wanted to go to 'a…

Now that Chris Johnson is a Jet, the team has to figure out if one of the most explosive players in the NFL over the last half decade has anything…

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.

Wellbeing

Why is dance cardio taking off in NYC?

Instructors at some of the city's hottest classes explain why.

Travel

Earth Day travel in the Florida Keys

See why this eco-friendly destination deserves your attention.

Tech

Sorry, Facebook — FarmVille goes mobile with 'Country…

Zynga has released a version of the hit "FarmVille" tailored for smartphones and tablets in the hope of reaping a bumper crop of players.