City of Philadelphia - File #: 130181

• File #: 130181
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 3/14/2013
• In control: Committee of the Whole
• Final action: 6/13/2013
• Title: Amending Chapters 19-1300 and 19-1800 of The Philadelphia Code, entitled, respectively, "Real Estate Taxes" and "School Tax Authorization," by establishing a tax rate for City real estate tax and authorizing and establishing a tax rate for School District real estate tax; and by revising the homestead exclusion; all under certain terms and conditions.
• Sponsors: Council President Clarke, Councilmember Jones
• Indexes: REAL ESTATE TAX, SCHOOL TAX AUTHORIZATION
• Code sections: 19-1300 - Real Estate Taxes

Date	Ver.	Action By	Action	Result	Tally
6/25/2013	1	MAYOR	SIGNED
6/13/2013	1	CITY COUNCIL	READ AND PASSED	Pass	11:5
6/6/2013	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/6/2013	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/6/2013	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/5/2013	0	Committee of the Whole	HEARING NOTICES SENT
6/5/2013	0	Committee of the Whole	HEARING HELD
6/5/2013	0	Committee of the Whole	AMENDED
6/5/2013	1	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/29/2013	0	Committee of the Whole	RECESSED
5/29/2013	0	Committee of the Whole	HEARING NOTICES SENT
5/28/2013	0	Committee of the Whole	RECESSED
5/28/2013	0	Committee of the Whole	HEARING NOTICES SENT
5/22/2013	0	Committee of the Whole	HEARING NOTICES SENT
5/22/2013	0	Committee of the Whole	RECESSED
5/20/2013	0	Committee of the Whole	RECESSED
5/15/2013	0	Committee of the Whole	RECESSED
5/8/2013	0	Committee of the Whole	RECESSED
5/8/2013	0	Committee of the Whole	HEARING HELD
5/1/2013	0	Committee of the Whole	HEARING HELD
5/1/2013	0	Committee of the Whole	RECESSED
4/30/2013	0	Committee of the Whole	HEARING HELD
4/30/2013	0	Committee of the Whole	RECESSED
4/29/2013	0	Committee of the Whole	HEARING NOTICES SENT
4/29/2013	0	Committee of the Whole	HEARING HELD
4/29/2013	0	Committee of the Whole	RECESSED
4/29/2013	0	Committee of the Whole	HEARING HELD
4/29/2013	0	Committee of the Whole	RECESSED
4/24/2013	0	Committee of the Whole	HEARING HELD
4/24/2013	0	Committee of the Whole	RECESSED
4/23/2013	0	Committee of the Whole	HEARING NOTICES SENT
3/14/2013	0	CITY COUNCIL	Introduced (By Request) and Referred	Pass

Title
Amending Chapters 19-1300 and 19-1800 of The Philadelphia Code, entitled, respectively, "Real Estate Taxes" and "School Tax Authorization," by establishing a tax rate for City real estate tax and authorizing and establishing a tax rate for School District real estate tax; and by revising the homestead exclusion; all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-1300 of The Philadelphia Code is hereby amended as follows:

CHAPTER 19-1300. REAL ESTATE TAXES

§ 19-1301. Real Estate Taxes.

* * *

(2) For tax year 2014 and thereafter:

(a) The Tax Rate shall be [calculated by dividing the Target Revenue Number by the Total Net Taxable Value.] 0.6018%, or sixty and eighteen one hundredths cents ($0.6018) per hundred dollars ($100).

[(.1) The Target Revenue Number shall be $560,086,355 minus the Minimum Tax Revenue.

(.2) The Minimum Tax Revenue shall be $100 multiplied by the number of taxable real properties in the City, as certified by the Office of Property Assessment ("OPA") on or before November 15 of the year preceding the tax year.

(.3) Total Net Taxable Value shall be calculated by adding together the Net Taxable Value of all taxable real property in the City, as returned by the OPA and as calculated pursuant to subsection (b) below, as certified by the OPA on or before November 15 of the year preceding the tax year. Taxable real property shall include only properties, or portions of properties, not subject to exemption from or abatement of real estate tax, provided that taxable real property shall include the full value of any property that may be subject to relief under Chapter 19-3900 (longtime owner occupant relief).]

(b) A tax is hereby levied on all real property in the City in an amount equal to [$100 plus] the product formed by multiplying the Tax Rate by the Net Taxable Value of the property. Net Taxable Value shall be ...