March 9, 2021

Property tax collections have been holding up relatively better than other city taxes throughout that last year, and Kevin Gillen's Q4 housing report for Drexel University's Lindy Institute for Urban Innovation found that city home values increased by about 12.8% from one year ago. 

Under a functional assessment system, the increase in real values could be cushioning the blow more from the Covid-related budget hits, but in the world we live in, the city's not bringing what it should. 

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