Philadelphia is engaging in a comprehensive revaluation of property that may or may not affect the city's revenues.

The Actual Value Initiative has three stages. First, assessors are assessing the value of all real estate property in the city at market value. Second, the city will simplify the mathematical formula used to calculate individual tax bills. Third, to compensate for what it expects to be higher property values, the city council will lower the city's tax rate.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.