Title
Amending Chapter 19-1800 of The Philadelphia Code, entitled “School Tax Authorization,” by specifying a rate for tax years 2007 and thereafter that is dependent on total taxable assessed values certified by the Board of Revision of Taxes, and by making technical amendments, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-1800 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 19-1800. SCHOOL TAX AUTHORIZATION
* * *
(2) For each of the following years, the tax imposed by the Board of Education of the School District of Philadelphia shall be at the following respective rates on each one hundred dollars ($100) of assessed value of taxable real property as returned by the Board of Revisions of Taxes as the assessment made in the year immediately preceding the stated year:
|
Year of Tax |
Tax Rate |
|
1964 to 1965 |
$0.12 |
|
1966 to 1973 |
$0.425 |
|
1974 |
$0.825 |
|
1975 to 1976 |
$1.125 |
|
1977 to 1980
|
$1.225 |
|
1981 to 1983 |
$1.60 |
|
1984 |
$1.90 |
|
1985 to 1988 |
$2.295 |
|
1989 to 1990 |
$2.445 |
|
1991 to 2002 |
$2.844 |
|
2003 [and thereafter] through 2006 |
$3.115 |
|
2007 and thereafter |
The rate provided under §19-1801(3) |
(3) Tax Rates for Tax Year 2007 and thereafter.
(a) Definitions.
(i) Applicable Fiscal Year. The Fiscal Year that begins July 1 prior to the beginning of the tax year.
(ii) Collection Factor. Nine-tenths (.9).
(iii) City-wide Taxable Assessed Value. The total taxable assessed value of all property in the City as certified by the Board of Revision of Taxes in the year immediately preceding the tax year.
(iv) Target Tax Revenues. Current real property tax receipts budgeted for the Applicable Fiscal Year, as set forth in the Mayor’s Budget in Brief as proposed to Council, unless otherwise provided by Council in an ordinance passed no later than the date Council passes the operating budget ordinance for the Applicable Fiscal Year.
(v) Target Tax Billings. Target Tax Revenues divided by the Collection Factor.
(b) The tax rate for tax year 2007 and for each tax year thereafter shall equal Target Tax Billings multiplied by 100 divided by City-wide Taxable Assessed Value. If for any tax year after 2007 there is no figure for current real property tax receipts in the Mayor’s Budget in Brief for the Applicable Fiscal Year and if Council has not otherwise defined “Target Tax Revenues” in an ordinance passed by the deadline set forth in subsection (2)(a)(iv) (in which case Target Tax Revenues cannot be defined for that tax year), then the tax rate for that tax year shall be the same as the tax rate for the prior tax year.
(c) By October 1 of each year, the Finance Director shall calculate the tax rate for the upcoming tax year, shall provide written notice of such tax rate to the Board of Revision of Taxes and to the President and all members of Council, shall arrange for publication of such tax rate in a newspaper of general circulation in the City, and shall provide for publication of the tax rate on the City’s official website.
[(3) If the Commonwealth of Pennsylvania fails to provide legislation enabling City Council to enact Bill No. 131, introduced April 26, 1984, providing for the imposition of Business Privilege Taxes for Fiscal Year 1985, or if City Council fails to adopt Bill No. 131 for Fiscal Year 1985, the rate of tax shall be two (2) dollars and four and one-half (4½) cents for the year 1985.
(4) In the event that a court of competent jurisdiction enters a final order from which all appeals have been exhausted, determining that City Council lacked the authority to impose this rate effective July 1, 1988 for the year 1989, the rate shall revert to two dollars twenty-nine and one-half cents ($2.29½) on each one hundred ($100) dollars of taxable real property for the year 1989.]
SECTION 2. This Ordinance shall not take effect unless expressly authorized by the General Assembly.
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Explanation:
[Brackets] indicate matter deleted.
Italics indicate new matter added.
End