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File #: 020579    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 9/19/2002 In control: Committee on Finance
On agenda: Final action: 11/21/2002
Title: Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by providing for certain deferrals of payment of a certain portion of Real Estate Taxes due the City of Philadelphia or the Philadelphia School District, all under certain terms and conditions.
Sponsors: Councilmember Rizzo, Councilmember Mariano, Councilmember Nutter, Councilmember Krajewski, Councilmember Tasco, Council President Verna, Councilmember Ortiz, Councilmember Kenney, Councilmember DiCicco, Councilmember Clarke, Councilmember Miller, Councilmember Reynolds Brown, Councilmember Blackwell
Indexes: REAL ESTATE TAX
Code sections: 19-1300 - Real Estate Taxes, Title 19 - FINANCE, TAXES AND COLLECTIONS
Attachments: 1. CertifiedCopy02057900.pdf
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
12/5/20020 MAYOR SIGNED   Action details Meeting details Not available
11/21/20020 CITY COUNCIL READ   Action details Meeting details Not available
11/21/20020 CITY COUNCIL PASSEDPass17:0 Action details Meeting details Not available
10/17/20020 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Meeting details Not available
10/17/20020 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Meeting details Not available
10/17/20020 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR   Action details Meeting details Not available
10/16/20020 Committee on Finance HEARING NOTICES SENT   Action details Meeting details Not available
10/16/20020 Committee on Finance HEARING HELD   Action details Meeting details Not available
10/16/20020 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Meeting details Not available
10/1/20020 Committee on Finance HEARING NOTICES SENT   Action details Meeting details Not available
10/1/20020 Committee on Finance HEARING HELD   Action details Meeting details Not available
10/1/20020 Committee on Finance RECESSED   Action details Meeting details Not available
10/1/20020 Committee on Finance RECESSED   Action details Meeting details Not available
9/19/20020 CITY COUNCIL Referred   Action details Meeting details Not available
9/19/20020 CITY COUNCIL IntroducedPass  Action details Meeting details Not available
Title
Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by providing for certain deferrals of payment of a certain portion of Real Estate Taxes due the City of Philadelphia or the Philadelphia School District, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," is hereby amended by adding a new Section 19-1306, entitled "Deferrals of Real Estate Tax," to read as follows:

TITLE 19. FINANCE, TAXES AND COLLECTIONS.

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CHAPTER 19-1300. REAL ESTATE TAXES.

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ยง19-1306. Deferrals of Real Estate Tax.

(1) The Department of Revenue is authorized to grant deferrals, in whole or in part, of increases in Real Estate Taxes, that may be due the City of Philadelphia or the School District of Philadelphia, upon making a determination of the eligibility for deferral of a property owner.

(2) Eligibility for a deferral of payment of an increase in real estate taxes may be granted for any increase, or portion thereof, of Real Estate Taxes due to an increase in assessed value of real estate, that is greater than fifteen percent (15%), in any given year, upon consideration of the following factors:

(a) Household Income; and

(b) Reasonable Household Expenses including, but not limited to, housing, food, transportation, education, health care, debt service payments, and overall tax burden; and

(c) Available liquid assets.

(3) Interest at the rate of six percent (6%) per year shall be assessed on the total deferred amount due.

(4) The deferral shall be effective until the date of sale of the property.

(5) A property owner may satisfy the debt consisting of the deferred amount and the accumulated interest at any time prior to the sale of the property.

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Explanation:

Italics indicate new matter added.
End