The median Philadelphia homeowner will pay $97 more next year in property taxes, as a result of a recently completed reassessment.<\/p>\n
Notices alerting residents of the new valuations will begin going out in the mail this week, representatives from Mayor Cherelle Parker\u2019s administration said Tuesday. Valuations can be found online at property.phila.gov<\/a>. The process will be accompanied by expanded outreach to educate property owners about the city\u2019s various tax relief benefits, officials added.<\/p>\n “We conduct regular property revaluations to ensure assessments remain fair, accurate, and equitable across Philadelphia,” Parker said in a statement. “At the same time, we are making an unprecedented effort to ensure homeowners \u2013 especially our most vulnerable residents \u2013 know about the tax relief programs available to them.\u201d<\/p>\n Parker said her administration has also hired an independent consultant to review the 2027 reassessment and make recommendations for improvements. The city\u2019s Office of Property Assessment<\/a> uses a computer-assisted model to generate values based on sales and market data.<\/p>\n Anyone who wants to challenge their property\u2019s valuation can ask OPA to reconsider their decision through a request for a First Level Review and\/or file an appeal with the Board of Revision of Taxes. FLR applications must be submitted by Sept. 1, while BRT appeals can be opened through Oct. 5.<\/p>\n The new assessments are the first since 2024<\/a>, when overall residential values rose 19% and the average homeowner was charged about $330 more annually. In response, City Council and Parker\u2019s office agreed to raise the Homestead Exemption by $20,000 and created a low-income real estate tax freeze program<\/a>.<\/p>\n Any owner-occupied property is eligible for the Homestead Exemption. The benefit reduces an individual\u2019s assessment by $100,000, saving homeowners up to $1,399 a year in taxes.<\/p>\n In addition to the exemption and low-income freeze, the city offers a senior citizen tax freeze and the Longtime Owner Occupants Program, or LOOP, which is designed to shield residents who have lived in the same place for at least 10 years from steep assessment-related hikes.<\/p>\n Information about income eligibility requirements for the various benefits is posted on the city\u2019s website<\/a>, and residents can also submit a combined application at https:\/\/tax-services.phila.gov\/<\/a> to find out which program best suits their needs.<\/p>\n Anyone already enrolled in the Homestead Exemption or another tax relief program generally does not need to reapply each year unless ownership of the property is transferred.<\/p>\n The deadline to pay city property taxes is March 31, 2027.<\/p>\n