Real Estate Tax | Services (2024)

Due date

March

31st

of each year.

Tax rate

1.3998%

of the assessed property value.

You can complete online payments, print payment vouchers, and look up your balance for this tax on the Philadelphia Tax Center. For help getting started, see our tax center guide.

Get an account or pay now

Who pays the tax

Anyone who owns a taxable property in Philadelphia is responsible for paying Real Estate Tax. Typically, the owner of a property must pay the real estate taxes. However, anyone who has an interest in a property, such as someone living in the property, should make sure the real estate taxes are being paid.

Important dates

Payments are due and payable on March 31. The Department of Revenue usually mails Real Estate Tax bills to property owners in December.

Tax rates, penalties, & fees

How much is it?

The City of Philadelphia and the School District of Philadelphia both impose a tax on all real estate in the City. For the 2022 tax year, the rates are:

0.6317% (City)+ 0.7681% (School District)= 1.3998% (total)

The amount of Real Estate Tax you owe is determined by the value of your property, as assessed by the Office of Property Assessment (OPA).If you disagree with your property assessment, you can file an appeal with the Board of Revision of Taxes (BRT). Appeals must be filed by the first Monday in October of the year prior to the tax year you are appealing. (For example, to dispute an increase to your property assessment that is set to take effect in the 2020 tax year, you would need to file an appeal by the first Monday in October 2019.)

What happens if you don't pay on time?

If you fail to pay your Real Estate Taxes by March 31, increased charges – which include interest – will be added to the principal amount of the tax. Collectively called “additions,” these charges accrue at the rate of 1.5% per month, beginning April 1 until January 1 of the following year.

If the taxes remain unpaid on January 1 of the following year:

  • A 15% maximum addition is added to the principal balance.
  • The taxes are registered delinquent.
  • Liens are filed in the amount of the total delinquency, including additions.
  • The City can begin the process of selling your home at a sheriff sale.

Discounts & exemptions

Are you eligible for a discount?

The due date to pay your Real Estate Tax is March 31.

The City of Philadelphia also offers a number of income-based assistance programs for owner-occupied households and senior citizens. These programs include:

  • Owner-occupied Real Estate Tax payment agreement (OOPA). Income-based program for homeowners with past-due Real Estate Taxes who might qualify for a monthly payment agreement.
  • Low-income senior citizen Real Estate Tax freeze. Income-based senior citizen program that “freezes” real estate taxes so that they don’t increase in the future.
  • Real Estate Tax installment plan. Qualified homeowners may pay current year property taxes in up to twelve monthly installments through December 31st.
  • Longtime Owner Occupants Program (LOOP). Income-based program for homeowners who experience a substantial increase in their property assessment.
  • Real Estate Tax deferral program. Income-based program for homeowners with Real Estate Tax increases of 15% or higher.
  • Tax credits for Active Duty Reserve and National Guard Members who serve outside of Pennsylvania.
  • City Council tax credits for homeowners with higher property tax bills.

Pennsylvania also offers an income-based program for seniors and adults with disabilities. For eligibility and application details, visit PA’s Property Tax/Rent Rebate Program page. You can also call the Commonwealth’s Philadelphia District Office at (215) 560-2056. You do not need a receipt for real estate taxes paid to the City to apply for the Commonwealth’s Property Tax Rebate.

Can you be excused from paying the tax?

The City offers a number of abatement and exemption programs for Real Estate Taxes. These programs include:

  • Homestead Exemption for all Philadelphia homeowners who complete an application. This program reduces the taxable portion of your property assessment by $80,000 in effect for 2023 Real Estate Tax bills and future years. The exemption for tax year 2020 through tax year 2022 was $45,000.
  • Property tax abatements for both residential and commercial projects. Abatements encourage new construction or the rehabilitation of properties by making them more affordable.
  • Non-profit tax exemptions for qualifying non-profit organizations.
  • Catastrophic loss adjustment for people whose property has been damaged by a fire or other natural disaster. To qualify as a catastrophic, the damage must result in a decrease of 50% or more in property value.

The Commonwealth of Pennsylvania also offers the Disabled Veterans Real Estate Tax Exemption, which permits a veteran’s home to be exempt from real estate tax if the veteran has a service-connected disability.

How to pay

Pay online

Pay online through thePhiladelphia Tax Centerby entering your physical address or Office of Property Assessment (OPA) number. You can check your tax balance and make payments through the“Search for a property”link on the Tax Center’s homepage, under the “Property” panel.

Pay by mail

Pay by mail with a check or money order. Be sure to attach a payment voucher to your bill and write the tax type and account number on your check. Payment vouchers can be printed from the Philadelphia Tax Center.

Mail payments with coupon to:

Philadelphia Dept. of Revenue
P.O. Box 8409
Philadelphia, PA 19101-8409

Pay by phone

Pay by phone by calling(833) 913-0795. If you experience any problems with the telephone system, call customer service at (800) 487-4567.

Pay in person

Pay in person with a check or money order at one of our three authorized payment centers. Visit the Department of Revenue website to check payment center locations and hours.

Tax code

60

Forms & instructions

Applications for Senior citizen Real Estate Tax freeze

Longtime Owner Occupants Program (LOOP) forms

Owner-occupied Real Estate Tax payment agreement (OOPA) forms

Related content

  • Flyers for taxpayer assistance programs
  • Real Estate Tax regulations
  • Prevent sequestration of your property due to unpaid debts
  • Request a Real Estate Tax refund
Real Estate Tax | Services (2024)

FAQs

How do I challenge my property tax assessment in NYC? ›

To appeal the assessed value and/or tax class of your property, or the denial or revocation of a not-for-profit exemption, you must file a completed "Application for Correction" appeal form and any other forms or information to the NYC Tax Commission in person or by mail by the deadlines.

How do I avoid capital gains on sale of primary residence? ›

You can avoid capital gains tax when you sell your primary residence by buying another house and using the 121 home sale exclusion. In addition, the 1031 like-kind exchange allows investors to defer taxes when they reinvest the proceeds from the sale of an investment property into another investment property.

What is the amount of real estate taxes on a property worth $300000 if the assessment ratio is 20 percent and the tax rate is 50 mills? ›

$300,000 X 0.2 = $60,000 X 0.05 (50 X 0.001) = $3,000. What is the amount of real estate taxes on a property worth $300,000 if the assessment ratio is 20 percent and the tax rate is 50 mills?

How do I maximize my real estate tax deductions? ›

Strategies to Optimize Real Estate Tax Deductions
  1. Maximize Your Mortgage Interest. ...
  2. Keep Accurate Records of Expenses. ...
  3. Deduct Investment Property Expenses. ...
  4. Structure Your Ownership in the Right Entity. ...
  5. Keep Track of Depreciation on Properties. ...
  6. Offer Lease-to-Buy Programs. ...
  7. Plan When to Buy and Sell Properties.

How to lower property taxes in NY? ›

Property tax benefits
  1. Cooperative and Condominium Tax Abatement. ...
  2. Senior Citizen Homeowners' Exemption (SCHE) ...
  3. Senior Citizen Rent Increase Exemption (SCRIE) for landlords. ...
  4. Senior Citizen Rent Increase Exemption (SCRIE) for tenants. ...
  5. School Tax Relief (STAR) Program. ...
  6. Non-profit exemptions.

How often are property taxes reassessed in NY? ›

In order for property to be assessed consistently at a uniform percent of current market value, a reassessment must be conducted each year.

At what age do you stop paying property taxes in Florida? ›

You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.

How close to market value is the assessed value? ›

In most cases, there's only a 10% to 20% difference between market value and assessed value, with market value usually being the higher of the two. However, it's essential to remember that assessed value is primarily used for tax purposes and may not always reflect the current market conditions accurately.

What state has the lowest property taxes? ›

States With the Lowest Property Taxes in 2024
  • Hawaii has the lowest property tax rate in the U.S. at 0.29%. ...
  • Alabama is generally one of the more affordable states in the country. ...
  • Colorado has the third-lowest property tax rate at 0.51%. ...
  • Nevada has the fourth-lowest property tax rate in the nation (0.55%).
Dec 21, 2023

What is the most property tax you can deduct? ›

As of 2021, California property owners may deduct up to $10,000 of their property taxes from their federal income tax if they are filing as single or married filing jointly. Unfortunately, any property taxes you have paid in excess of $10,000 cannot be counted toward your deduction.

Can a realtor deduct car payments? ›

By legally minimizing their taxable income, agents can keep more of their hard-earned money. Deducting vehicle expenses is just one example of how real estate agents can take advantage of tax laws to their benefit.

How can I reduce my taxable income with real estate? ›

Tax Benefits Of Real Estate Investing: Top 6 Breaks And Deductions
  1. Use Real Estate Tax Write-Offs. ...
  2. Depreciate Costs Over Time. ...
  3. Use A Pass-Through Deduction. ...
  4. Take Advantage Of Capital Gains. ...
  5. Defer Taxes With Incentive Programs. ...
  6. Be Self-Employed Without The FICA Tax.

How is assessed value determined in New York? ›

Step 1: Market value is determined based on your tax class and an analysis of sales, income data, or the cost of reproducing the building. Step 2: Assessed value is calculated by multiplying the market value by the assessment percentage.

What is a request for review of property value NYC? ›

The Request for Review form enables New York City property owners to provide supporting information to review their property's estimated market value or building classification found on the Annual Notice of Property Value.

How can you successfully have your property reassessed through a scar proceeding? ›

Having your property reassessed via SCAR involves filing a SCAR petition, presenting evidence of valuation discrepancies and, in cases of denial, an appeal may be made to the Assessment Review Board. A successful appeal involves presenting substantial supporting evidence at a scheduled hearing.

Can a tax assessor go on your property in NY without permission? ›

Assessors need the permission of a homeowner to actually enter the property.

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