Philadelphians have just two weeks left to appeal new property tax assessments, but homeowners will have a bit more time to seek a less formal review.
Total residential real estate valuations rose 31% following the recent revaluation, with many neighborhoods seeing much bigger jumps.
Mayor Jim Kenney’s administration on Thursday extended the window for filing first-level exam applications until Oct. 14, pushing back the deadline by two weeks due to postal delays.
The Tax Review Board, however, will only be accepting submissions until Monday, October 3. Officials said state law prohibits the city from extending the deadline.
To consult the evaluation of a property and obtain an estimate of the tax bill, go to www.property.phila.gov and type an address.
BRT holds hearings on claims submitted by landowners who believe their assessment was incorrect.
First level reviews give the Office of Property Assessment, which calculated the assessment, a chance to reconsider the assessment. Owners can request a review and file an appeal at the same time.
The FLR documents are included in the assessment notices that were recently mailed to owners. The process cannot be completed online.
Through a review or appeal, residents can argue that their home’s appraisal lists incorrect features or differs significantly from similar properties.
Valuations in parts of North Philadelphia rose more than 70% on revaluation, data analysis shows City Comptroller’s Officewhich also found that takeover values fell outside industry guidelines in several areas, including North and Southwest Philadelphia.
In response to rising assessments, Kenney and the city council agreed to a budget in June that increased the popular Homestead exemption from $45,000 to $80,000. The program, open to all owner-occupied properties, reduces the assessed value of a home.
In addition, the city expanded the Program for long-term homeowners (LOOP), which limits the impact of large valuation increases. The Tax freeze program for seniors locks in assessments for seniors who meet income eligibility criteria.