Here’s another chance to save some money on your property tax bill – if you have owed and lived in your home since July 2003.

Homeowners have until Jan. 15 to apply for the Longtime Owners Occupancy Program, which is in place to help offset tax increases brought on by neighborhood development (some are calling it “gentrification relief”). If approved, the tax relief is good for 10 years.

Taken from city brochure on the LOOP program.

This offer is different from the Homestead Exemption offered earlier this year and you should apply whether you received that or not.

• You must own and have lived in this property as your primary residence since at least July 1, 2003.
• Your home is either a single family or a multi-unit property with no more than three residential units and one commercial unit.

• Your property has not received a tax abatement.

• The real estate Taxes on your property must be paid in full or you must be up-to-date on a payment plan (or have an application for a payment agreement pending).

• There is an income limit based on household size (see graphic).

Here is a brochure with more details about the LOOP program. The application is available here. The city says that applicants will be notified in March. Call 215-686-9200 with questions.