Homeowners in Philadelphia may qualify to receive a real estate tax credit, but the program application period expires soon.

This year, the city conducted property value re-assessment. If your home’s property value goes up, you will see an increase in your real estate tax bill. A special fund was set up in collaboration with the FORWARD program to help people who own a home in Philadelphia to pay their real estate tax bill. If your bill has increased, you may qualify for a one-time credit (up to $500) that will be added to your real estate tax account located at the City of Philadelphia’s Department of Revenue.

The money will be used to pay your 2023 or 2024 tax bill or will be added to your City of Philadelphia Real Estate Tax Account as a credit for future tax years.

To apply for the tax credit, fill out an application on this page. Application deadline has been extended until January 31, 2024 at 5 p.m.