If your property was reassessed earlier this year and you feel it’s inaccurate, appeal it!
Apply by the October 1, 2018 deadline to request an appeal from the Board of Revision of Taxes (BRT). To download the BRT Real Estate Market Value Appeal application form click here.
Whether or not you requested an appeal from the Office of Property Assessment (OPA) you can request an appeal from the BRT.
Want to know more information about the appeal process?
The Philadelphia Crosstown Coalition has prepared an informative guide regarding the appeals process. While this is not a replacement for competent legal counsel, it provides helpful pointers if you’re comfortable handling an appeal on your own. To see or download the guide, click here.
Three other things you should know about:
1) The homestead exemption
If you own property in Philadelphia and it is your primary residence, you are eligible for the Homestead Exemption on your Real Estate Tax. It works by reducing the taxable portion of your property assessment by $30,000. Most homeowners save about $400 a year on their Real Estate Tax bill.
2) Longtime Owner Occupants Program (LOOP)
This is a Real Estate Tax abatement for homeowners who have had their property taxes triple (go up by 300% or more) from one year to the next, and have lived in their home for 10 years or more.
3) Low-income senior citizen real estate tax freeze
If you meet certain age and income requirements, the amount of property tax you pay each year will not increase, even if your property assessment or the tax rate changes. If you tax liability decreases due to a lower property assessment or a tax rate decrease, the amount of real estate tax you owe will also be lowered to the new amount.