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BillLAPSED

Bill 120338

Amending Section 19-1307 of The Philadelphia Code, entitled "Deferrals of Real Estate Tax," by further 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.

Introduced May 3, 2012Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Council President ClarkeCouncilmember JonesCouncilmember OhCouncilmember GoodeCouncilmember GreenleeCouncilmember O'BrienCouncilmember TascoCouncilmember KenneyCouncilmember HenonCouncilmember JohnsonCouncilmember BlackwellCouncilmember Reynolds BrownCouncilmember O'NeillCouncilmember Quiñones SánchezCouncilmember BassCouncilmember Squilla

Status timeline

  1. May 3, 2012Introduced and Referred · CITY COUNCIL
  2. May 14, 2012HEARING NOTICES SENT · Committee of the Whole
  3. May 14, 2012HEARING HELD · Committee of the Whole
  4. May 14, 2012RECESSED · Committee of the Whole
  5. May 15, 2012HEARING HELD · Committee of the Whole
  6. May 15, 2012RECESSED · Committee of the Whole
  7. May 16, 2012HEARING HELD · Committee of the Whole
  8. May 16, 2012RECESSED · Committee of the Whole
  9. May 23, 2012HEARING NOTICES SENT · Committee of the Whole
  10. May 23, 2012HEARING HELD · Committee of the Whole
  11. May 23, 2012RECESSED · Committee of the Whole
  12. May 30, 2012HEARING NOTICES SENT · Committee of the Whole
  13. May 30, 2012HEARING HELD · Committee of the Whole
  14. May 30, 2012RECESSED · Committee of the Whole
  15. Jun 5, 2012HEARING NOTICES SENT · Committee of the Whole
  16. Jun 5, 2012HEARING HELD · Committee of the Whole
  17. Jun 5, 2012RECESSED · Committee of the Whole
  18. Jun 7, 2012HEARING HELD · Committee of the Whole
  19. Jun 7, 2012RECESSED · Committee of the Whole
  20. Jun 11, 2012RECESSED · Committee of the Whole
  21. Jun 14, 2012HEARING HELD · Committee of the Whole
  22. Jun 14, 2012RECESSED · Committee of the Whole
  23. Jun 18, 2012RECESSED · Committee of the Whole
  24. Jun 21, 2012RECESSED · Committee of the Whole
  25. Apr 23, 2013HEARING NOTICES SENT · Committee of the Whole
  26. Apr 24, 2013HEARING HELD · Committee of the Whole
  27. Apr 24, 2013RECESSED · Committee of the Whole
  28. Apr 29, 2013HEARING NOTICES SENT · Committee of the Whole
  29. Apr 29, 2013HEARING HELD · Committee of the Whole
  30. Apr 29, 2013RECESSED · Committee of the Whole
  31. Apr 29, 2013HEARING HELD · Committee of the Whole
  32. Apr 30, 2013HEARING HELD · Committee of the Whole
  33. Apr 30, 2013RECESSED · Committee of the Whole
  34. May 1, 2013HEARING HELD · Committee of the Whole
  35. May 1, 2013RECESSED · Committee of the Whole
  36. May 8, 2013HEARING HELD · Committee of the Whole
  37. May 8, 2013RECESSED · Committee of the Whole
  38. May 15, 2013RECESSED · Committee of the Whole
  39. May 20, 2013RECESSED · Committee of the Whole
  40. May 22, 2013RECESSED · Committee of the Whole
  41. May 28, 2013HEARING NOTICES SENT · Committee of the Whole
  42. May 28, 2013RECESSED · Committee of the Whole
  43. May 29, 2013HEARING NOTICES SENT · Committee of the Whole
  44. May 29, 2013RECESSED · Committee of the Whole
  45. Jun 5, 2013HEARING NOTICES SENT · Committee of the Whole
  46. Jun 5, 2013RECESSED · Committee of the Whole
  47. Jun 12, 2013HEARING NOTICES SENT · Committee of the Whole
  48. Jun 12, 2013RECESSED · Committee of the Whole
  49. Jun 19, 2013RECESSED · Committee of the Whole

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Amending Section 19-1307 of The Philadelphia Code, entitled "Deferrals of Real Estate Tax," by further 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. Section 19-1307 of The Philadelphia Code is hereby amended to read as follows: § 19-1307. 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:] With respect to an increase in real estate taxes in any given year of greater than fifteen percent (15%) that is due to an increase in assessed value of real estate, eligibility for a deferral of payment of such increase, or a portion thereof, may be granted, 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.] For each year of deferral, interest shall be assessed on the total deferred amount due at the lower of (a) the rate of the yield on one-year United States Treasury bonds in effect on the last day of the year for which interest is assessed, or (b) four percent (4%). (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. ____________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End