The city has released an interactive map that allows home owners to see the assessed value of their property following the citywide reassessment announced last week.
The first citywide property assessment in three years has come under mounting criticism as property values across the city increased an average of 31 percent. Tax rate increases vary by neighborhood with some seeing their tax burden as much as double.
The map allows property owners to type in their address to see the assessed value for 2022 and the new value, which would go into effect in 2023. Your property tax bill would be 1.3998 percent of your home’s assessed value, based on the city current tax rate.
The city’s “homestead exemption” will reduce your taxable value by $45,000. More info on that is available here. Mayor Jim Kenney has proposed increasing the homestead exemption to $65,000 to help offset tax increases.
You can dispute the new assessment here.
May 18th, 2022 at 11:31 am
Ok, let me see, let me punch in my West Philly address: The alleyway behind the old Radio Shack. Ohh wait, I’m founding out that a family of 6 from Madison (both doctors) has already moved into that alley and my dumpster’s rent just went up to $1,200.00. Hey at least the lovely new residents made the crust punks go away. And those shiny new SUV’s. Almost got mowed down by one with a PAS sticker while venturing out of my (overpriced) dumpster for some moo juice. She had that look on her face as she rolled right through that stop sign that said, “I’m so sorry, I have like 10 things going on right now”. Well at least I only have one thing going on…trying to not get mowed down by a PAS SUV.