Philadelphia property owner Sandra Carter was shocked to see a 500% increase in the assessment of her family’s triplex, from $90,200 in 2019 to $513,800 in 2022. She was able to appeal the half-million dollar assessment and have it reduced to $130,000 — but researchers say her experience illustrates systemic biases baked into Philadelphia’s property assessment system. Mayor Cherelle Parker’s administration is vowing to address the problems with a new task force. The work of the Philadelphia Residential Property Assessment Task Force will be rooted in the release of a new report that shows homes in predominantly Black, Hispanic and low-income neighborhoods in the city were more likely to be inaccurately assessed in 2022 compared to homes in majority white and higher-income neighborhoods. Read more here.
Source: PlanPhilly; 4/26/2024