Deadline for tax relief program could be extended for Philly homeowners
Legislation introduced in City Council would give residents more time to sign up for the Longtime Owner Occupants Program.
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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.