Philadelphia Homeowners Could Save $1,399 in Relief Property Taxes

Philadelphia's Homestead Exemption reduces a home's taxable assessed value by $100,000, saving eligible owner-occupants about $1,399 annually. It cannot be combined with an active 10-year tax abatement or the Longtime Owner Occupants Program. Homes owned by trusts, LLCs, or corporations, or not used as a primary residence, are ineligible. Only one co-owner claim is allowed per property. Applications are available online.