At a press conference yesterday, members of the Crosstown Coalition of Taxpayers, representing twenty-one civic groups from all over town, held a press conference at City Hall denouncing the Office of Property Assessment‘s performance in assessing Philadelphia’s 579,000 properties.
Like the Controller’s office, the CCoT recently embarked on a thorough examination of OPA’s data, and reached several disturbing conclusions:
- OPA claims that the coefficient of dispersion (essentially a number that accounts for margin of error) for AVI is 13.9% and within the industry standard of 15%. The CCoT found this margin of error to be several factors higher.
- The most expensive homes are generally underassessed, and the least expensive homes are generally overassessed
- Land that abated properties sit upon is generally underassessed, with land under Center City condo buildings woefully underassessed…