Daily News | New Philly property assessment came in the mail? Here’s how to cope with the sticker shock
Thousands of homeowners in Philadelphia have received notice of their new property assessments in the mail in recent weeks — and the sticker shock is just setting in.
These 2023 valuations are the first city-wide reassessment in three years, and residential properties are increasing 31% on average citywide. The most popular residential tax relief program — called the homestead exemption — is available for all owner-occupied homes and lowers the amount of your taxable value. Next year, that reduction will be $80,000,There are other relief programs you might qualify for, such as programs targeted at long-time homeowners or seniors.Even with expanded tax relief, your bill will likely go up
Check whether you’re enrolled in the best tax relief program for you, because the city won’t tell you
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