Longtime Owner Occupants Program News Today

Legislation introduced in City Council would give residents more time to sign up for the Longtime Owner Occupants Program.

The former Deputy Mayor of Public Engagement and Democratic nominee for PA Auditor General is out for an at-large City Council seat in 2023.

The figures will likely cause some sticker shock. After a three-year pause in assessments, residential property values increased by an average of 31%.

The homestead exemption increases to $80,000, but not everyone will benefit the same. Over 130,000 property owners are still slated to pay more in property taxes.

Nearly 80% of homeowners in Philly are currently enrolled in the city’s Homestead Exemption program. All of them will see their property values cut by $80,000.

The budget includes no tax hikes, steps to ease the tax burden of rising property valuations, and a spending increase for violence prevention measures.

Budget negotiations were fraught with concerns over steep increases in property valuations that threatened big tax hikes for many Philly homeowners.

Introduced by Councilmember Kenyatta Johnson, the seven-point plan is backed by a veto-proof supermajority.

Values for residential properties went up by an average of 31% compared to the last assessments in 2019, burdening homeowners across the city.

The average residential assessment is rising by 31% and a large number of challenges are expected. Plus, here are some programs to offset the burden.