Monday, July 28, 2014
Inquirer Daily News

Homeowners apply now for homestead exemption

Philadelphia homeowners can now apply for a homestead exemption that would provide some relief to those who could be hit hard under Mayor Nutter's plan to move to a new property-tax system based on market values.

Homeowners apply now for homestead exemption

Updated: To include additional information

Philadelphia homeowners can now apply for a Homestead exemption that would provide some relief to those who could be hit hard under Mayor Nutter’s plan to move to a new property-tax system based on market values.

Meanwhile, state lawmakers are still considering legislation needed to provide a Philadelphia homestead exemption. Nutter said Friday during a City Hall press conference that Philadelphia was excluded from the law when it was enacted in 1997, but he is hopeful state legislators will come through.

“I have yet to meet an elected official who wasn’t interested in helping constituents save money,” Nutter said.

Homeowners can apply until July 31. Primary residences of all homeowners are eligible regardless of age or income.

Fill out the application here. For additional information go to the city's website. Completed applications can be mailed to the Office of Property Assessment.

The homestead exemption would knock $15,000 or more off of all homeowners’ assessed values.

Homestead exemptions will be included in assessment change notices which will be mailed to homeowners in the fall along with a brochure about the exemption. Applications for the exemption will also be mailed to homeowners.

Nutter has proposed shifting to a new property-tax system based on market values known as the Actual Value Initiative and collect an extra $94 million along the way for schools.

Council has not yet agreed on an amount for a homestead exemption, but sources have said that Council is considering a homestead exemption that would take $30,000 to $40,000 off all homeowners’ assessed values.

Councilmen Jim Kenney and Mark Squilla plan on introducing next week legislation that would provide property tax relief to longtime residents in gentrifying areas.

 

 

About this blog
Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
 Follow Chris on Twitter

Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
 Follow Jenny on Twitter.

Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
 Follow Sean on Twitter

PhillyClout Team
Also on Philly.com
Stay Connected