Official:Amending Section 19-1301.1 of The Philadelphia Code, entitled "Homestead Exclusion," to increase the amount of the homestead exclusion, under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: March 1, 2018
Signed: June 7, 2018
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill increases the homestead exclusion in Philadelphia from $30,000 to $40,000 starting in tax year 2019. This means homeowners will pay less in real estate taxes on their primary residence.
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