Charles Sherd lives on Cantwell Street in South Philadelphia. His property would resemble this one, a residence few people would deem a spacious single. Now, thanks to the Democrats, Charles can be taxed like he owns one.
[Charles Sherd's home] has been consistently valued at $12,000, but after a city-wide reassessment, it’s now valued at $116,700. He’s worried about his property taxes in 2014.
“It is a lot for a person to do in one year, I can’t afford this,” Sherd says. And he’s not alone. Many Philadelphia residents who reside in or near up-and-coming hot spots, are seeing their assessed values skyrocket after this re-evaluation.
So the city either undervalued the homes or ignored the tax assessments FOR YEARS – an act which on its face should be criminal. Now they are demanding all the new taxes immediately. This, my friends, is the direct result of 70+ years of uninterrupted Democrat rule.
In fairness, City Councilman Mark Squilla is trying to diffuse the new taxes over a four-year period, but if you think his fellow councilmen will go for that, you don’t know Philadelphia.