Bill 190318
Controlled by Committee of the Whole

REAL ESTATE TAX REVENUE NEUTRAL RATE

Description

Amending Chapter 19-1300 of The Philadelphia Code, entitled “Real Estate Taxes,” by specifying tax rates for tax year 2020 and thereafter; by providing that each such tax year, Council shall enact a tax rate consisting of a “revenue neutral” tax rate intended to produce approximately the same level of tax revenues as were generated during the prior tax year, and any specified adjustment to the revenue neutral rate as deemed necessary that tax year; and by making technical amendments; all under certain terms and conditions.

Read the full Bill: Bill No. 19031800.pdf Bill No. 19031800.pdf

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