Daily News | ‘It’s wrong’: Philly property assessments double in some working-class neighborhoods
living on modest incomes. About 78% of homeowners participate in at least one tax relief program, according to OPA.
Some homeowners were shocked to learn from an Inquirer reporter that their home had doubled in assessed value. But the reassessment also ballooned home values in parts of North and West Philadelphia that have seen less private market interest in recent years, and poverty levels remain dire as ever.Glenwood section saw single-family homes previously valued at $39,100 on average — so an owner with a homestead exemption wouldn’t have to pay any taxes — jump to $126,800 on average, a startling 224% spike.
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