Philadelphia’s Bureau of Revision of Taxes will cease to exist and its operations will fall within the city’s administration after voters last week opted to dismantle the agency.

Along with being under Mayor ­Michael Nutter’s oversight, the BRT will split into two separate entities. The Office of Property Assessment will evaluate property values while the Board of Property Assessment Appeals will deal with homeowners’ appeals. The BRT currently consists of a seven-member panel appointed by state judges.

Voters also approved $65.5 million of borrowing for capital improvements and economic and community development. 

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.