SKCP news, August 6th - August 12th
South Kensington Community Partners
Property Reassessments And Relief Programs:
What You Need To Know
The City’s Office of Property Assessment has posted the results of reassessments of all properties in Philadelphia, and written notices of new property values will be mailed to property owners as soon as next week. The new values of are to take effect for Tax Year 2023, with property taxes due on March 31, 2023.
Property owners who believe their valuation is incorrect have until October 3, 2022 to submit a formal appeal. Property owners can also request an informal First Level Review (FLR) with OPA, with FLR applications due September 30, 2022.
RELIEF PROGRAMS INCLUDE
The Homestead Exemption
LOOP (Longtime Owner Occupant Program)
Senior Citizen Tax Freeze Program