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Real estate tax revenues lagging in Philadelphia

This article was originally published in The Notebook. In August 2020, The Notebook became Chalkbeat Philadelphia.

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Real estate tax collections are down in Philadelphia, and the city controller is asking why.

Part of the answer may involve unresolved questions related to the actual value initiative, or AVI, the citywide reappraisal of property values.

Real estate tax collections so far this year are down by about $20 million compared with the same period two years ago, said City Controller Alan Butkovitz.

Read the rest of this story at NewsWorks

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