Google+

Real Estate

City Council to host tax relief workshop in Southwest Philly neighborhood with highest property tax increase

September 11, 2024

  Click to enlarge

City Council is hosting a tax relief workshop this Thursday, Sept. 12, in Southwest Philadelphia to help residents whose taxes have gone up in recent years.

The workshop, presented by Council President Kenyatta Johnson (2nd District) and Councilmember Jamie Gauthier (3rd District), will take place in the Kingsessing neighborhood, which, according to an analysis by the Philadelphia Inquirer, saw the highest increase in property tax bills for single-family homes anywhere in the city.

The workshop will be held at Salt and Light Church (5736 Chester Ave) from 6-8 p.m.. Residents can get in-person assistance with tax relief programs and property assessment appeals.

To keep families in their homes, City Council provided more homeowners with property tax relief than ever before. Council and the Mayor enacted Councilmember Gauthier’s low-income property tax freeze, which keeps property taxes for eligible and enrolled homeowners at their current (pre-2024 assessment) level. Council President Johnson also led the successful expansion of the Homestead Exemption from $80,000 to $100,000.

For more information on these and other real estate tax relief programs, visit: https://www.phila.gov/services/payments-assistance-taxes/taxes/property-and-real-estate-taxes/get-real-estate-tax-relief/

Comments (6)

Historical Commission approves Historic District in Spruce Hill

July 15, 2024

Victorian vistas like this one on the 4200 block of Osage Avenue will be safeguarded going forward. (Photo by Tony West)

The Philadelphia Historical Commission (PHC) unanimously approved the creation of the Southeast Spruce Hill Historic District on July 12. The boundaries of this district run generally from Spruce St. to 39th St. to Woodland Ave. to 43rd St. It will encompass three smaller districts that already exist there in addition to more than 500 surrounding houses that share a distinctive Victorian architecture.

Historic Districts define and protect the external look of period “contributing” buildings, blocking demolition except when in dangerous condition and requiring outside repairs or additions to preserve the original appearance as much as possible. They do not impact building interiors.

Most of Spruce Hill has long been in the West Philadelphia Streetcar Suburb Historic District. This federal designation gives the neighborhood noteriety but no protection. The Spruce Hill Community Association began to push for a city historic district with enforcement power 37 years ago, but was repeatedly blocked by opposition from property owners who feared it would increase maintenance costs. That concern has been less widespread since SHCA, counseled by University City Historical Society, launched its latest bid in 2021. Many real estate developers have opposed it for decades.

Continue Reading

Comments (3)

UC District releases new State of University City report

April 19, 2024

The University City District (UCD) has released its annual State of University City report, which highlights different areas of development in the area in the past year, including real estate, employment, demographics, education, healthcare, transportation and more. During the presentation of the report on Thursday, UCD shared the stories of three innovative neighborhood businesses: Renata’s Kitchen, Two Locals Brewing, and Grant BLVD (check out this video).

Here are some most interesting stats from the 2024 State of University City report:

• University City has 55,953 residents, whose median age is 27.6;

• 84 percent of neighborhood residents work in University City, and 72 percent of jobs pay over $40,000 per year;

• 63 percent of residents ages 25+ have a bachelor’s degree or higher;

• The median single family home sale price is $537,000;

• 4,210 units of multi-family housing (apartments) are expected to be developed in the next three years;

• 929 new units of multi-family housing were developed in the past year;

• The number of new construction permits has decreased from 50 to a little over 10 since 2018.

• 57 percent of neighborhood residents do not use cars to commute;

• 24 percent of households’ primary language is not English.

 

To download the new report, click here. Read about some previous reports in our archives here.

Comments (0)

Philadelphia Historical Commission to consider Spruce Hill for historic district designation, to hold public meetings starting this week (updated)

April 15, 2024

Proposed Historic District designation area in Spruce Hill (image courtesy of SHCA).

The Philadelphia Historical Commission, the City’s preservation agency, is calling for public meetings to consider the proposal to designate a part of the Spruce Hill neighborhood as a historic district. The agency will hold two public meetings, on Wednesday, April 17 and Friday, May 10, when property owners and other interested parties are invited to comment on the proposed district. Both meetings will be on Zoom.

The proposed historic district consists of 572 properties and the boundaries are shown on the map above. The map also shows parts of Spruce Hill already designated as Historic Districts and properties included in the Registrar of Historic Places.

Continue Reading

Comments (15)

City’s real estate tax credit program application deadline extended until Jan. 31

December 29, 2023

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.

Comments (1)

Type in your address: Interactive map shows new property assessments

May 16, 2022

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.

Comments (1)