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Jul 18, 2008 11:24 am US/Eastern

Philadelphia Overhauling Property Tax System

PHILADELPHIA (AP) ―

Philadelphia has begun an overhaul of the city's property tax system.

It will be months—the fall, or perhaps the end of the year— before data is available on the new assessment figures. But Board of Revision of Taxes chairwoman Charlesretta (charlz-RET'-uh) Meade promises "an open, honest, transparent process."

City Council members Jannie Blackwell and Bill Green want buffers in place, including state legislation, to allow the city to protect residents from huge property tax increases.

Board member Robert Nix says the BRT is trying to eliminate inequities in the way in which property owners are taxed. He tells KYW-AM that "since the uniformity is not there today, the impact is not uniform."

Information from: KYW-AM, http://www.kyw1060.com