For the first time in 3 years, Philly reassessed property values throughout the city and it hurts. Due to the new property reassessment, Philadelphians are seeing values jump on average by 31%, citywide. Although the average is 31%, there are still neighborhoods in developing areas that are seeing significantly higher hikes. Unfortunately, these hikes are hitting poorer, more diverse neighborhoods harder, and it will be interesting to see what relief options, the city will provide. I am wondering how the city plans to communicate these changes and provide clarity and what options are available for tax relief. I am sure there will be more to come on this reassessment….Read the full article here