property taxes

Your 2026 Philadelphia Property Tax Bill Is Here — What to Check

Jim Armstrong Market Education , ,
Philadelphia Property Taxes

Philadelphia property tax bills have been issued, which makes now a good time for homeowners to do a quick review before they are paid either directly or through your mortgage company (due March 31st).

Some things worth checking:

  • Does the assessed value look reasonable?
  • Is your homestead exemption applied, if eligible?
  • Has your tax abatement expired, if applicable?
  • Any unexpected changes from last year?

If you have not applied for one of Philadelphia’s tax relief programs, there is a new 5-in-1 application that works for any of the available programs offered by the city. Find it here.

How to Reduce Property Taxes in Philadelphia

Jim Armstrong Market Education , ,
How to reduce property taxes in philadelphia

If you don’t have a residential tax abatement on the primary residence you own, the Homestead Exemption can reduce the taxable portion of your assessed value by $100,000. With this program, Philadelphians can save around $1400 on their annual tax bill, and once accepted, you don’t have to reapply each year. You will receive the benefit as long as you continue to own and live in the property.

Those with a current residential tax abatement are not eligible, but you can apply after the abatement is expired or removed. If you move out of your property to a new primary residence–keeping your former residence as an investment property, you have to remove the exemption from that property and reapply with your new primary residence.

Early tax filers should apply by September 13 while all others can apply by the deadline of December 1 to see the exemption reflected on the next year’s tax bill.

For those considering buying a home in Philadelphia or moving to Philadelphia, this is a huge benefit. Questions? Feel free to reach out to me.

Ready to save money on your tax bill?

Apply here