Legislation

Philadelphia Property Owners Get Reprieve from Rising Tax Bills Amid Assessment Appeals Process

Property owners in Philadelphia can temporarily delay paying interest, penalties, or costs on Realty Use and Occupancy Tax bills while their assessed value is being appealed, thanks to a new measure from Councilmember Squilla.

171010

Philadelphia Property Assessments to Consider Rent Restrictions in Valuations

Council Seeks to Shield Low-Income Tenants from Soaring Property Taxes as Rising Rents Leave Few Affordable Options in Philly's Tight Rental Market. A proposed law would tie property assessments to a building's affordable housing designation, potentially saving thousands for landlords and tenants alike.

170564

Philadelphia Homeowners to Get Break on Property Taxes Under Proposed Homestead Exemption Plan

Low-Income Families in Philly May Soon See Cheaper Bus Rides Thanks to New Rider-Friendly Ordinance Aiming to Increase Fares for Low-Income Transit Riders and Provide More Affordable Options for Working Families.

070203-A

Council Proposed Limit on Real Estate Tax Increases Based on Property Value Growth

Philadelphia property owners will see limits on how much their real estate taxes can increase starting in 2007. The new law caps tax hikes based on rising property values, aiming to provide more stability for homeowners and business owners.

051061

City Council Moves to Cut Property Taxes for Philadelphia Homeowners with New Homestead Exemption Law Takes Effect Next Year

Homeowners could soon see a $1,000 cut in their property taxes under a new law set to take effect next year, exempting a portion of the assessed value of homestead property from real estate taxes.

050951

North Philly Residents Reel as City Council Moves to Reverse Traffic Flow, Zoning Overhauls on Twentieth Street

North Philadelphia's Twenty-first Street is set to revert to its original traffic flow after City Council votes to repeal laws that altered the street, citing increased emergency response times and reduced property values. The changes were implemented on Twentieth Street from Belfield Avenue to Olney Avenue.

041078

Philadelphia Council Moves to Cap Annual Real Estate Tax Hikes Amid Growing Property Values

Councilmember Nutter's bill would limit annual real estate tax hikes to a certain percentage, ensuring property owners aren't hit with excessive increases based on growing property values. The bill also requires tax rate reductions if overall city property values surge too quickly.

030179

Council Proposes Limit on Philly Property Tax Increases for 2004 Tax Year

Philadelphia property owners won't see their taxes soar above 10% due to rising home values this year after City Council voted to freeze assessments through 2004. The move is aimed at stabilizing school district funding.

030183