When he’s not paying someone to tweet for him, or making memorable tweets of his own, Jim Kenney is a Councilman. And with his day job, he’s trying to make it a bit easier for natives whose areas have been unwillingly gentrified.
See, there’s this thing being discussed called AVI (or the Actual Value Initiative) where all homes in the city are going to be shifted to a property tax system based on market value. But Jim Kenney and fellow Councilman Mark Squilla are planning to introduce legislation to provide property tax relief for long time residents in gentrifying areas. Kenney told the Daily News, “The concern that Mark Squilla and I have are the long term residents who are living in areas where many people took advantage of the 10-year tax abatement and in many cases are facing a massive increase in market value.” How would it all work?
Under Kenney and Squilla’s proposal, owner-occupiers who have been in their homes for a decade or more could be forgiven part of their tax bill. Their legislation caps taxation at three times the market value assigned the house when you bought it. So if you bought a house 20 years ago that the city said was worth $40,000, under AVI you could be taxed at a valuation of no more than $120,000, even if your house is now valued at $400,000. The tax forgiveness would last until you sold the house or the title changed hands.”
Kenney said 30,000 homes could qualify for relief in neighborhoods such as Fishtown, Northern Liberties, Queen Village and Graduate Hospital. And what could you do with all of that saved money? Why, join Jim Kenney for a Girl’s Night Out of course. The Jim Kenney for Council Committee sent out information about a “Girl’s Night Out” with Jim Kenney at Table 31 on June 14. According to the release, for a $100 admission price, there will be dinner (with a 10% discount), door prizes, and, “while the night may be for the ladies, gentlemen are welcome,” they just have to pay double. Oh, that’s good. Otherwise that would be all weird and junk.