
Originally Posted by
topogigio
1524-1534 South St. is the piece de resistance of the Royal Theater, per city records. It was purchased for only $160,000 in 3/4/1998, and for all of its size and premium location, it is still only assessed at $189,100, an appreciation of merely $29,100, quite out of character for every other property (not owned by Universal) in the neighborhood, even for most empty lots. It's property taxes are a mere $5,495.70 per year, making it on par with the assessments of the single row houses on the same block. It's less then 1500-02 South St., listed as a 2280 square foot 3-story row house in the city records which pays almost $6,000 a year.
The city again is having trouble with that pesky record keeping and doing updates that made Nutter abolish the BRT in a fit of pique. The owner here is erroneously listed as The Preservation Alliance. But the bills for property taxes go to 800. S. 15th St. -- Universal Companies. At other points in the record, the owner is shown to be Universal Community Homes if you click through.
On the same block however, condos seem to also be suffering from a records gap by the city in spite of Nutter's efforts. Though the bill is in place for them certainly, at 1514-16 South St., the OPA records are missing the online records for their certified market value and gross property tax. That is an error I've never seen. The data simply is not there online. None of the other properties have such a consistent error on the block. Just the condos.
The other properties on the block tend to be taxed at $4,000 or $5,000, some only $3,200. But none enjoys the special time freeze in assessment that Universal gets. It's peculiar. None of the others on the block or in the area are missing assessments in the online record either so far as I've been able to tell, scouring property records across SWCC.
Whatever the property taxes are on the condos, it seems likely that they are just as high as the single family homes, but with smaller square footage. It may be the case that including these comparative prices would trigger a reassessment or just cause messy questions to be asked of friends of Kenny Gamble, such as why are these people put in charge of schools when they are not paying their fair share for the schools on the blighted property that they hold? Or WTF is wrong with the Philly Democrats who are gutting the schools but refusing to do the work of assessing property taxes impartially and legally?
If property taxes were impartially assessed only upon Universal's holdings, just Universal and Kenny Gamble, we would not have to lay off thousands of school employees. This story of underassessment on Universal's behalf characterizes every single one of their property, even if the property contributes nothing to any social goal, such as affordable housing, religious observance, or other exempted purposes. In fact, the properties are sources of equity and revenue killing blight because they are allowed to pay so little. There's no penalty for stasis.
How long does Universal get the golden ticket to do little if nothing but hold underassessed blight throughout South Philly, and when do we convene a grand jury to find out where all the money went? And why do all of the Democrats in Philly lockstep cover for them?
Why is Universal pissing on the taxpayers' leg and telling us it's raining?
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