If you are still confused about the new Actual Value Initiative (AVI) legislation that comes into effect next year and want to know how it will impact your property taxes, come to the Victory Christian Center Church located at 5220 Whitby Avenue this Thursday (May 2) to a meeting hosted by Councilwoman Jannie Blackwell. The meeting is scheduled from 6:00 to 8:00 p.m.

At Thursday’s meeting, homeowners can receive updates on proposed relief measures and learn how to apply for programs that can help reduce property taxes.

Recently, an ordinance was introduced in City Council that would extend the deadline for property owners to apply for the Homestead Exemption, which could help save hundreds of dollars in savings per household after the AVI is implemented in Tax Year 2014 – from July 31, 2013, to Sept. 30, 2013. This exemption is one of the reliefs that owner-occupants are eligible for. According to the Council’s analysis, properties that qualify for the Homestead Exemption are in areas with high concentrations of low-income, elderly, and non-English speaking residents.