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
Local

Brooklyn man charged in roommate's stabbing death

A Brooklyn man accused of violently stabbing his roommate to death on Monday is in police custody and faces murder charges.

International

Dinosaurs could have survived asteroid strike

It turns out there is a good and a bad time for the planet to be hit by a meteor, and dinosaurs were just unlucky.…

National

OkCupid admits to Facebook-style experimenting on customers

By Sarah McBrideSAN FRANCISCO (Reuters) - OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on…

Local

MTA fares still increasing 4 percent in newly…

The agency said the 4 percent increases, previously announced in December, will remain steady even as the MTA deals with increasing labor costs.

Movies

Interview: Brendan Gleeson on the way 'Calvary' depicts…

Brendan Gleeson talks about how his new film "Calvary" began over drinks and how his character here is the opposite of the lead in "The Guard."

Movies

'Get on Up' producer Mick Jagger on the…

Mick Jagger, a producer on the James Brown biopic "Get on Up," talks about the time had to tell the singer some bad news and his favorite JB record.

Television

'Glee' star Lea Michele to appear on 'Sons…

"Glee" star Lea Michele has been confirmed as a guest star in the final season of "Sons of Anarchy."

Television

TV watch list, Monday, July 28: 'The Bachelorette'…

See Andi Dorfman make her big choice on tonight's 'Bachelorette' finale.

MLB

Angelo Cataldi: Ryan Howard deserves better from Phillies

Just last week, Ryan Howard endured the embarrassment of a benching that was inevitable, and yet still shocking.

NFL

Larry Donnell has inside track in Giants tight…

Little-known Larry Donnell of Grambling State currently has the inside track, as the second-year player has received the bulk of the first-team reps.

NFL

Computer to Jets: Start Michael Vick over Geno…

Jets general manager John Idzik says the choice of who starts between second-year quarterback Geno Smith and veteran Michael Vick will be a “Jets decision.”

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

Travel

Glasgow: Hey, hey, the gangs aren't here

This European city has done a good job getting rid of its more violent residents and revitalizing with artists.

Education

Babson College tops list of best colleges for…

Money magazine has just released its inaugural list of "The Best Colleges for Your Money" -- and the answers have surprised many. Babson College, which…

Education

NYC teens learn how to develop apps during…

Through a program sponsored by CampInteractive, the high schoolers designed their own community-focused apps.

Tech

The Ministry of Silly Walks app is both…

Monty Python have dug into their back catalogue for cash-ins once more, but with the Ministry of Silly Walks app, they've made something that's fun too.