Tax delinquents cheat the city and the School District out of $298 million a year, according to a recent Philadelphia Inquirer/PlanPhilly report.
Who else loses? Homeowners.
Property tax delinquencies lower the market value of a single-family home, on average, 22.8 percent, according to another Inquirer/PlanPhilly report.
Meanwhile, investors win.
“Of the roughly 100,000 tax-delinquent properties in Philadelphia, at least 57,500 are owned by investors, not occupants,” the Inquirer/PlanPhilly reported. Read that story here.
Among others, former Inquirer City Hall beat reporter Patrick Kerkstra led the reporting project, with PlanPhilly editor Matt Golas on strategy..
Find the whole tax delinquency series on PlanPhilly here.
The city announced a $40 million effort, largely driven by new software, to crack down on tax delinquents last month.
Before you go...
To keep our site paywall-free, we’re launching a campaign to raise $25,000 by the end of the year. We believe information about entrepreneurs and tech should be accessible to everyone and your support helps make that happen, because journalism costs money.
Can we count on you? Your contribution to the Technical.ly Journalism Fund is tax-deductible.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Congress votes to reauthorize the EDA, marking a historic bipartisan effort to invest in innovation and job creation
Looking for a job? This strategy turns NotebookLM into your personal hiring coach
How Comcast selects startups for its competitive LIFT Labs accelerators
