Philadelphia Real Estate Assessments--The Situation in Spring 1983
In 1980, the Pennsylvania Economy League published a report on the problems associated with Philadelphia’s real property assessment practices. Problems included slow growth in assessed valuations and great inequities in assessment ratios between different types of property and areas of the city. The solution recommended by the Economy League was to initiate immediately the reassessment of all property at a uniform ratio of market value.
The purpose of this brief report is to provide available information on the assessment situation in Philadelphia in 1983.