Mid Atlantic Real Estate Journal — September 13 - 26, 2013 — 17A


A ppraisal I nstitute

Unhappy with your new tax assessment in Philadelphia?

Dissatisfied with the results of your First Level Review?

Philadelphia’s Actual Value Initiative is being implemented for tax year 2014 and beyond. The new assessments are supposed to be based on 100% of market value.

Has your property been fairly assessed? Let a Member of the Appraisal Institute help you find out. Formal Appeals to the Board of Revision of Taxes Must by Filed by October 7! Why a Member of the Appraisal Institute? x Appraisers who hold the Appraisal Institute’s MAI and SRA designations have met stringent educational requirements, have considerable professional experience, and are required to adhere to strict standards and ethics of professional practice that exceed those required by state or federal law. x The MAI membership designation is held by appraisers who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties. x The SRA membership designation is held by real estate solutions providers who are experienced in the analysis and valuation of residential real property. How can you find a local member of the Appraisal Institute to assist you? x It’s easy: visit www.aiphilametro.org and select the “Actual Value Initiative” link. There you will see a list of our Members who can help you determine whether or not your new assessment is reasonable, and whether a formal appeal is warranted.

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