No new taxes to be proposed in Michael Nutter’s 2012-2013 budget

087a558cff7d4642039f3291d314be0f
RIKARD LARMA/METRO

No new taxes and no tax increases.

That’s a line taxpayers and City Council will likely hear numerous times from Mayor Michael Nutter today as he gives his budget address in Council chambers. Bold it, italicize it, underline it.

And while that is technically true, most homeowners will still end up shelling out more for property taxes for the third straight year as a result of the city’s new property value assessments, the first accepted since 2004. The average assessment is expected to increase 25 percent, although some homeowners will see a decrease, with the difference phased in over the next three years, according to city finance director Rob Dubow.

This comes on the heels of temporary increases in property tax the last two years to help close deficits for the city and the School District of Philadelphia. Those temporary increases will expire June 30.
“Values have gone up. We’re capturing that value,” city finance director Rob Dubow said yesterday.
Dubow said the new assessments are akin to someone paying more in wage taxes because they received a raise. He deflected talk of delaying the assessments another year, which was suggested by some on Council.

“There’s going to be a great deal of doubt and distrust,” said Zack Stalberg, president and CEO of Committee of Seventy, a government watchdog group. “It’s going to be a big job for both the mayor and City Council to explore this and explain it in a way that real people can understand.”

One reason for some skepticism is that Council must approve the budget with the new assessments before even finding out whether the numbers are accurate. A consulting firm will vet the data after assessments are done by June.

By the numbers

Here’s a closer look at the city’s upcoming revaluation of property values:
   
To compensate for drastically higher property assessments, the administration said it will propose a reduction to the millage rate to hit a target revenue figure. The millage rate will not be calculated, however, until the assessments are complete.

Low-income seniors can qualify for a property-tax freeze.

The Homestead exemption, which would reduce property-tax bills for residents, must be approved by the Legislature. The Senate voted in favor of it Tuesday, but it still needs House support.



News
Entertainment
Sports
Lifestyle
Local

Paint Nite: Get drunk and make a painting…

At Paint Nite, New Yorkers can drink and make a painting at a New York City bar.

National

Judge sets January start for murder trial of…

By Elizabeth BarberBOSTON (Reuters) - Former New England Patriots player Aaron Hernandez will be tried in January for the murder of semi-professional football player Odin…

National

Donut capers stymie police in Oregon

For more than a month, mysterious vandals have been smearing pastries on cars, depositing donuts in lawns and leaving cakes strewn about the streets.

International

U.S., European airlines halt flights to Israel due…

U.S. and European airlines halted flights to Tel Aviv in an effort to ensure passenger safety as turmoil in Israel and the region has intensified.

Arts

Don't miss 'Charles James: Beyond Fashion' at the…

Have you been meaning to see "Charles James: Beyond Fashion"? There are only two weeks left to get to the Met and catch this amazing American fashion designer's collection.

Television

Zac Posen talks 'Project Runway' and what it…

We talked to Zac Posen, judge and designer extraordinaire, about the new season of "Project Runway" and what keeps him coming back after three seasons.

Television

'Face Off' contestant David 'DOC' O'Connell sounds off…

David "DOC" O'Connell tells us about getting cast on Season 7 of Syfy's "Face Off," premiering tonight at 9.

Arts

PHOTO: Wildlife photographer Marc Mol captures amazing aerial…

This aerial image was taken by photographer Marc Mol who spotted the animals during an air safari in Zambia.

MLB

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead…

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead pack

NFL

2014 NFL season betting odds: Which team will…

2014 NFL season betting odds: Which team will win Super Bowl?

NFL

5 players to watch at Giants training camp

Metro takes a look at five players who will be on everyone’s mind when Giants training camp gets underway.

NFL

'Vicktory dogs' travel road to rehabilitation seven years…

Of the dozens of dogs groomed by Bad Newz Kennels, 48 were rescued and 22 of the pit bull terriers have emerged at Best Friends Animal Society.

Tech

Learn Braille with these gloves

U.S. scientists have designed high-tech gloves to help users understand Braille in a matter of minutes.

Home

5 New Ikea products that will change your…

We round-up the latest must-have products.

Food

Recipe: Wolfgang Puck's Buttermilk French Toast

We recently spent some time chatting with restauranteur/celebrity chef Wolfgang Puck at his Wolfgang Puck American Grille in the Borgata in Atlantic City. Puck wanted…

Style

Go retro with your sneakers

The best of wacky new sneakers.