More than 345,000 residential properties — three-quarters of the total — are getting assessment increases next year. Citywide, the median assessment of single-family homes will increase by 3.1 percent, according to an Inquirer analysis.
Nisenfeld’s middle-class Rhawnhurst neighborhood will have the largest increase in the median value of a single-family home in 2020, according to the Inquirer analysis. And several neighborhoods, including Queen Village, Eastwick, Bella Vista, and Southwest Philadelphia, will have median increases of more than 8 percent.
The 2020 values, which are being mailed to property owners this week, come as the city’s Office of Property Assessment (OPA) is still dealing with fallout from last year’s residential revaluation that sparked outrage from homeowners and City Council after the assessment of the median single-family home increased by 10.5 percent.
“If this is going to constantly keep escalating at these levels we’re never going to get to the point of affordability of people being able to stay in the neighborhoods they grew up in,” Councilman Mark Squilla said at a budget hearing last week.