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File #: 220578    Version: 0 Name:
Type: Bill Status: IN COUNCIL
File created: 6/9/2022 In control: CITY COUNCIL
On agenda: Final action:
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; all under certain terms and conditions.
Sponsors: Councilmember Gym, Councilmember Brooks
Code sections: 19-1300 - Real Estate Taxes, 19-1800 - School Tax Authorization
Attachments: 1. Bill No. 22057800.pdf
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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; 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.

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(2) For tax year 2014 and thereafter:

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(a.2) For tax [year 2016 and thereafter,] years 2016 through 2022, the Tax Rate shall be 0.6317%, or sixty-three and seventeen one hundredths cents ($0.6317) per hundred dollars ($100).

(a.3) For tax year 2023 and thereafter, the Tax Rate shall be 0.5719%, or fifty-seven and nineteen one hundredths cents ($0.5719) per hundred dollars ($100).


(b) A tax is hereby levied on all real property in the City in an amount equal to the product formed by multiplying the Tax Rate by the Net Taxable Value of the property. Net Taxable Value shall be calculated by subtracting the amount of Homestead Exclusion, if any, provided for in ? 19-1301.1, from the assessed value of the property returned by the OPA in the year immediately preceding the tax year, but in no event may Net Taxable Value be less than zero.

(.1) OPA stands for the Office of Property Assessment.

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SECTION 2. Chapter 19-1800 of The Philadelphia Code is hereby amended as follows:

CHAPTER 19-1800. SCHOOL TAX AUTHORIZATION.

? 19-1801. Authorization of Tax.

(1) The Board of Education of The School District of Philadelphia is authorized t...

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