Legislation

Philadelphia Boosts Homestead Exemption Limits to Higher Amount Starting Next Tax Year Immediately

Philadelphia will exclude a higher amount from taxable property values starting next tax year, under a bill introduced by Councilmember O'Neill. The new exemption limit replaces the current $90,000 threshold.

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Philadelphia Council Proposes Big Boost to Homestead Exclusion in Property Tax Law Rewrite

Council President Clarke and Councilmember Parker propose raising the homestead exclusion from $65,000 to a new threshold for property taxes in Philadelphia, under certain conditions. The current tax law exclusion amounts vary by year.

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Philadelphia Homeowners Set to Save Thousands as City Boosts Homestead Exclusion Threshold to $80,000 Next Year

Philadelphia Homeowners Set to Save Thousands as City Boosts Homestead Exclusion Threshold to $80,000 Next Year, Saving Median Homeowner $1,300 Annually; Over 30,000 Local Families Will Benefit from the Tax Break Starting in January.

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Council proposed boosting Philadelphia homestead exclusion to $50,000 over several years

Philly homeowners stand to save an extra $20,000 a year under new legislation raising the homestead exemption threshold to $50,000, providing relief to property owners with modest homes and large families.

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City Council Pushes for Major Overhaul of Property Tax System with New No-Homestead Rule

Philadelphia homeowners may face higher real estate taxes as City Council proposes eliminating the Homestead Exclusion in favor of a rate based on total property value and revenue targets. The change could affect all taxable properties, including homes.

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