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In a case of first impression, the City of Philadelphia’s Board of Revision of Taxes (BRT) decided on January 19, 2012, to apply the new City of Philadelphia Common Level Ratio (CLR), which had been reduced by Pennsylvania’s State Tax Equalization Board (STEB) from 32 percent to 18.1 percent, to property values as certified by the City of Philadelphia’s Office of Property Assessment (OPA), a ratio that could cut property taxes some 44 percent
