Politics & Government
Mayor Jim Kenney Signs Bills To Help Philadelphians Affected By Recent Tax Assessments
Some good news, tax relief is coming to thousands of property owners in the city of Philadelphia.
July 28, 2022
Some good news, tax relief is coming to thousands of property owners in the city of Philadelphia. Mayor Jim Kenney signed bills Wednesday to provide significant help for homeowners affected by the recent tax assessments.
Find out what's happening in Philadelphiafor free with the latest updates from Patch.
The bills expand the longtime owner-occupant program and the city’s senior citizen tax freeze program. The legislation also increases the homestead exemption.
Find out what's happening in Philadelphiafor free with the latest updates from Patch.
“We’ve increased the homestead exemption from 45,000 to 80,000,” Kenney said. “The homestead exemption reduces the taxable portion of a property’s assessed value. Most homeowners will save about $1,119 a year when their real estate tax bill in 2023 up from $629 this year.”
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