City of Philadelphia - File #: 020438-A

• File #: 020438-A
• Version: 1
• Type: Bill
• Status: LAPSED
• File created: 6/13/2002
• In control: Committee on Finance
• Title: Enacting a new Chapter 19-3400 of The Philadelphia Code authorizing the Board of Revision of Taxes to grant tax deferrals to longtime owner-occupants of certain properties in the City of Philadelphia.
• Sponsors: Councilmember Clarke, Councilmember Miller, Councilmember Mariano, Councilmember Blackwell, Councilmember Rizzo
• Indexes: TAXES

Date	Ver.	Action By	Action	Result	Tally
10/3/2002	0	CITY COUNCIL	READ
10/3/2002	1	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.
10/3/2002	1	CITY COUNCIL	AMENDED
9/26/2002	0	CITY COUNCIL	READ
9/26/2002	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
9/19/2002	0	Committee on Finance	REPORTED FAVORABLY
9/19/2002	0	Committee on Finance	HEARING HELD
9/19/2002	0	CITY COUNCIL	ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR
9/18/2002	0	Committee on Finance	HEARING NOTICES SENT
9/18/2002	0	Committee on Finance	HEARING HELD
9/18/2002	0	Committee on Finance	RECESSED
6/13/2002	0	CITY COUNCIL	Referred
6/13/2002	0	CITY COUNCIL	Introduced	Pass

Title
Enacting a new Chapter 19-3400 of The Philadelphia Code authorizing the Board of Revision of Taxes to grant tax deferrals to longtime owner-occupants of certain properties in the City of Philadelphia.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-3400 is hereby added to The Philadelphia Code to read as follows:

CHAPTER 19-3400. TAX DEFERRALS FOR LONGTIME OWNER-OCCUPANTS OF RESIDENTIAL PROPERTIES.

§19-3410. Declaration of Policy.

The Council of the City of Philadelphia has determined that:

1. Numerous long-established residential areas and areas of deteriorated, vacant or abandoned homes and properties located throughout the City of Philadelphia have been targeted for redevelopment by the Neighborhood Transformation Initiative and, as a result, are particularly vulnerable to the process of neighborhood change known as gentrification.

2. Low-income longtime owner-occupants of principal residences throughout the City face the real threat of losing the financial ability to remain in their homes by virtue of the rising market values and consequent property tax assessments which are the hallmarks of a gentrifying neighborhood.

The Council of the City of Philadelphia therefore deems it to be a matter of sound public policy to provide a Real Property Tax deferral program to relieve the economic burden that gentrification brings to these low-income longtime home owners, thereby enabling them to remain in their homes and neighborhoods.

§19-3420. Definitions.

"Longtime owner-occupant." Any person who for at least ten continuous years has owned and has occupied the same dwelling as a principal residence and domicile within the City of Philadelphia, or any person who for at least five years has owned or occupied the same dwelling as a principal residence and domicile within the City of Philadelphia if that person received assistance in the acquisition of the property as part of a government or nonprofit...