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Date Added: June 22, 2008 04:08:02 AM

Of the 400,000 homeowners in Philadelphia, only 3 percent receive property-tax bills based on the true value of their real estate. For the remaining 387,000, the amounts they are charged are wrong, and often wildly so - derived from assessments that, on average, are 40 percent off the mark, according to an analysis by The Inquirer.

Category: Real Estate

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