Philadelphia released new “assessments” of property values, which they will use to calculate 2023 property tax bills. If your assessed value went up, your property taxes will, too. Based on the current tax rate, for every $10,000 in increased value, your yearly tax bill will go up by $140. To estimate your 2023 property tax,…
A recent Pew Charitable Trusts article highlighted a growing problem across the country – overdue water bills causing the loss of a family home. In Philadelphia, getting behind on your water bills could mean losing your home through a Sheriff’s Sale – a public auction where the City sells your property to the highest bidder. That’s a…
Philadelphia’s tax one-year non-collection rate hit a low of 3.9% in 2017, according to a report out in February from the Pew Research Center.[LINK]. This marked the third year in a row that the City has seen a decrease in the number of properties with uncollected taxes, outpacing similar cities with high poverty rates. According…
