September 5, 2014 |
THE DEADLINE to apply for a homestead exemption on your property taxes is Sept. 13, yet thousands of Philadelphia homeowners have not applied and may miss out on big savings. If you're unfamiliar with the tax break, here are some answers: Q: What is a homestead exemption? A: The homestead exemption shaves $30,000 off the assessed value of your property and your tax bill is calculated from the lower amount. With the exemption, a house assessed at $100,000 in Philadelphia, for example, would be taxed on only $70,000, reducing the tax bill from $1,340 to $938.
April 2, 2014 |
A COMMONWEALTH COURT judge has rejected a residency challenge that sought to knock state Rep. Pam DeLissio off the May 20 Democratic primary-election ballot in the 194th District. Senior Judge Rochelle Friedman ruled yesterday that DeLissio's "domicile" is her Philadelphia home, even though the two-term legislator listed her Harrisburg town house as her "primary residence" in 2009 for a homestead exemption that granted her a small property-tax discount. "It is well settled that a candidate's place of residence for purposes of the Election Code is 'the residence . . . in which his [or her]
March 28, 2014 |
ON PAPER, it may look like state Rep. Pam DeLissio moved back to Philadelphia on Tuesday. That's the day DeLissio renounced a homestead exemption on a townhouse she has owned near Harrisburg since 2006, paying back the $341 in property taxes she had saved there in the last five years. She also transferred her driver's license, car registration and insurance from there to her other home in Philadelphia. The question now before a judge: Was that too little too late for DeLissio to stay on the May 20 primary-election ballot?
March 20, 2014 |
LEGAL CHALLENGES were filed yesterday to knock a dozen Philadelphia candidates for the state House from the May 20 Democratic primary-election ballot. The challenges include: * A voter in state Rep. Brendan Boyle's 170th District in Northeast Philly claims that 833 of the 1,052 signatures he submitted are invalid. State representatives need 300 valid voter signatures to qualify for the ballot. Voter Michelle Szydlowski's filing claims that 833 of the signatures were on pages notarized by Boyle's assistant chief of staff, Nicholas Himebaugh, violating a state law that says a notary can't have a direct or "pecuniary" interest in the transaction.
February 4, 2014 |
MORE THAN a thousand ineligible property owners may have applied for and received tax breaks intended for Philly homeowners, according to a Daily News analysis of city databasesR. Mayor Nutter's Actual Value Initiative reform effort, intended to get the city's deeply flawed tax assessments back in order, had the effect of shifting part of the overall tax burden from commercial properties to residential. To ease the transition for families, lawmakers created the Homestead Exemption, which deducts $30,000 off the city's assessment of houses occupied by their owners.
September 10, 2013 |
PHILADELPHIA The new property tax system that took effect in Philadelphia over the summer was supposed to be relatively painless for the majority of homeowners, as long as they took advantage of the tax breaks offered. But many are not taking advantage. The deadline to apply for one of the breaks - the homestead exemption, open to every homeowner in a primary residence - is Friday, with about a third of eligible homeowners yet to sign up. The other tax break, so-called gentrification relief for longtime homeowners in fast-growing areas of the city, has been held up because state legislators did not pass a critical bill to implement it. City and state officials expect the bill to pass shortly after lawmakers return from their recess this month.
September 6, 2013 |
HEY, PHILLY homeowners: Have you applied for your homestead exemption? If not, you better hurry. The deadline is Sept. 13. The exemption would lower a home's taxable value by $30,000 and provide some much-needed relief to homeowners who may see an increase to their tax bills under the Actual Value Initiative, the city's new property-tax system. Under the recently approved 1.34 percent property-tax rate, a home valued at $100,000 with a homestead would have a $938 tax bill; a $200,000 value would mean a $2,278 tax bill.
June 14, 2013 |
PHILADELPHIA homeowners can finally figure out what their tax bill will be under the Actual Value Initiative, the city's new property-tax system. City Council approved a 1.34 percent property-tax rate yesterday and a homestead exemption that would knock $30,000 from a homeowner's assessment. The bill passed 11-5 with Council members Kenyatta Johnson, Bill Green, Mark Squilla, Brian O'Neill and David Oh voting against it. Councilwoman Marian Tasco was absent. "With the setting of the new property-tax rate and the homestead exemption, Philadelphia has entered a new era of fair, accurate and understandable property-tax assessments," mayoral spokesman Mark McDonald said.
June 7, 2013 |
For more than a year, the dominant question in City Hall has been where the property-tax rate should be set after a citywide reassessment and the overhaul of the property-tax system. Council stepped closer to settling that Wednesday, moving a bill out of committee that would set the rate under Mayor Nutter's Actual Value Initiative (AVI) at 1.34 percent. The bill also includes a $30,000 homestead exemption. In his March budget address, Nutter proposed a $15,000 homestead exemption, which meant the rate would have been lower, at 1.3204.
May 3, 2013 |
A Philadelphia City Council committee unanimously approved two bills Wednesday - one that would extend until mid-September the deadline for homeowners to apply for the homestead exemption, and one that would allow people who buy homes after the new deadline to apply as well. The city had received more than 287,000 homestead applications by mid-April and approved more than 192,000, Finance Director Rob Dubow said. An estimated 340,000 homeowners are eligible for the exemption, which deducts a set amount from a property's assessment before the tax rate is applied.