What Will Your Philly Property Tax Look like in 2023? |
After a three-year delay, new property assessments for the City of Philadelphia were released earlier this week. |
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While the rise in assessed values varies significantly from neighborhood to neighborhood, some areas, specifically in up-and-coming neighborhoods, will see fairly big increases in their property tax rate. |
How Do I Find out My New Property Tax? |
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Just visit property.phila.gov. Then, follow these steps: 1. Look up your address using the Search Bar. 2. You'll find your property's new assessed value for 2023, along with its previous assessed values for the last few years (going back as far as 2015). 3. To get an estimate of your 2023 property tax, multiply your property's new assessed value by Philly's current real estate tax rate: 1.3998% (or .013998). ** ** Do you have a tax abatement or homestead exemption? Remember to subtract the "exempt improvement" from your new assessed value before doing the math! |
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Do You Have Questions? |
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If your number is a bit of a surprise, the good news is you still have options. This article in The Philadelphia Inquirer covers most of what you need to know right now.
But if you need additional help, you can also reach out to me or the team. |
