City officials said the proposed wage tax rates would be the lowest since 1976, and they estimate the cuts would provide a total of $260 million in relief. PHLBizJournal has the story.
City officials said those would be the lowest wage tax rates since 1976 and estimate the cuts would provide a total of $260 million in reliefThe City of Philadelphia has conducted property reassessments for the first time since before the COVID-19 pandemic, with rising home values set to drive up property taxes.
To offset the additional burden on residents, city officials said Tuesday they are looking to soften the blow by reducing other taxes, particularly the wage tax,For the 580,000 residential, commercial, industrial and institutional properties that were recently reassessed across Philadelphia, the city found a 21% increase in aggregate value since the last time properties were evaluated in tax year 2020. That includes a 31% increase for residential properties.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spectators of sideshows could be fined, jailed in this East Bay cityNew rules that would impose a fine of $1,000 and up to six months in jail to spectators at sideshows and rideouts.
Read more »
Ukrainian Refugees at Camp in Mexico City Await US ActionOn a dusty field on the east side of Mexico’s sprawling capital, some 500 Ukrainian refugees are waiting in large tents under a searing sun for the United States government to tell them they can come.
Read more »