Philadelphia County property tax

Example of Philadelphia County Property Tax Calculation

When calculating Philadelphia County property taxes, the local government assesses the value of the property based on its market value. This value is then multiplied by the county's millage rate, which is currently set at 0.6317.

For example, if a property is valued at $100,000, the property tax would be calculated by multiplying $100,000 by 0.6317. This equals $63.17. Therefore, the property owner would be responsible for paying $63.17 in property taxes to Philadelphia County.

It is important to note that property taxes are often used to fund local services such as schools, fire departments, and police departments. So paying property taxes is not just a legal obligation, but it also helps to fund important community services.

If you want appeal your property tax assessment - contact your local tax assessor.

Philadelphia County Property Tax Rates

The Philadelphia County Property Tax rates are listed below in a formatted table:

It is important to note that these rates are subject to change and property owners should consult with a tax advisor to fully understand their property tax obligations.

Who sets property tax rates in Philadelphia County ?

Who sets property tax rates in Philadelphia County?

The property tax rates in Philadelphia County are set by the City Council of Philadelphia. The City Council is responsible for setting the tax rate each year during the budget process. The tax rates are based on the assessed value of the property, as determined by the Office of Property Assessment.

When are the property tax rates set in Philadelphia County?

The property tax rates in Philadelphia County are set annually during the budget process, which typically takes place in the spring. Property owners receive their tax bills in the fall, and taxes are due by the end of the year.

It's important to note that the property tax rates can vary from year to year, depending on the needs of the city and changes in property values. Property owners should review their tax bills each year to ensure that they understand the amount they owe and can budget accordingly.

Homestead exemptions in Philadelphia County ?

To properly understand all the Homestead exemptions and deductions in Philadelphia County, one should take a closer look at the table below:

The Homestead Exemption is available to all property owners and reduces the assessed value of their primary residence by $45,000. This means that the property owner will pay property taxes on a lower assessed value, resulting in lower property tax bills.

The Longtime Owner Occupant Program provides an additional $30,000 exemption for property owners who have occupied their property for at least 10 years. This exemption also applies to the assessed value of the primary residence.

The Disability Homestead Exemption is available to property owners with disabilities and provides a full exemption of their primary residence's assessed value. This exemption only applies to the primary residence of the property owner and requires a certification of disability from the Social Security Administration or a medical professional.

The Solar Panel Exemption is available to property owners who have installed solar panels on their property. This exemption provides a full exemption of the assessed value of the solar panels and applies to the assessed value of the solar panels only.

The Veterans' Exemption provides a $300 exemption for veterans or their spouses. This exemption applies to the assessed value of the property and requires proof of honorable discharge or evidence of a surviving spouse's status.

It is important to note that these exemptions and deductions are specific to Philadelphia County in Pennsylvania and may vary in other counties and states. Property owners can contact their local tax assessor's office for more information on eligibility and application procedures.

When is Philadelphia County Property Tax due ?

Philadelphia County Property Tax is typically due on March 31st of each year. However, due to COVID-19, the 2020 deadline was extended to April 30th. It is important to note that failure to pay by the due date may result in penalties and interest charges.

There are several payment methods available for Philadelphia County Property Tax. These include:

• Online: Payments can be made online using a credit card or e-check through the Philadelphia Department of Revenue website.

• Mail: Payments can be mailed to the Philadelphia Department of Revenue, P.O. Box 80299, Philadelphia, PA 19101-0299. Payments must be postmarked by the due date to avoid penalties.

• In person: Payments can be made in person at the Philadelphia Department of Revenue, Municipal Services Building, Room 103. Payment can be made using cash, check, money order, or credit card.

• Installment plan: Property owners have the option to enroll in an installment plan to pay their property taxes. This allows for the payment to be spread out over the course of the year, with four equal payments due on March 31st, June 30th, September 30th, and December 31st.

Overall, it is important for property owners in Philadelphia County to be aware of their property tax due date and available payment methods to avoid penalties and interest charges.

If you have more questions - contact your local tax collector.

How is Philadelphia County Property Tax penalty calculated ?

Philadelphia County Property Tax Penalty Calculation

Property owners in Philadelphia County are required to pay property taxes annually. Failure to pay the taxes on time results in a penalty. The penalty is calculated based on the delinquent tax amount and the number of days the taxes are overdue.

The penalty is calculated in two parts:

1. Interest Charge: This is the interest charged on the unpaid tax amount. The interest rate is set by the Pennsylvania Department of Revenue and is subject to change annually. As of 2021, the interest rate is 9%.

2. Penalty Charge: In addition to the interest charge, a penalty is assessed on the unpaid tax amount. The penalty amount is set by the Philadelphia Department of Revenue and is based on the number of days the taxes are overdue. The penalty is calculated as 1.5% of the unpaid tax amount for every month the taxes are overdue, up to a maximum of 18%.

For Example: If a property owner owes $10,000 in property taxes and fails to pay on time, the penalty and interest charges would be calculated as follows:

1. Interest charge: $10,000 x 9% = $900
2. Penalty charge: $10,000 x 1.5% = $150 (for the first month) $10,000 + $150 = $10,150 (total owed after first month) $10,150 x 1.5% = $152.25 (for the second month) $10,150 + $152.25 = $10,302.25 (total owed after second month)

The penalty and interest charges continue to accrue until the taxes are paid in full. It's important for property owners to pay their taxes on time to avoid these penalties and interest charges.

We recommend contacting the Philadelphia County Tax Office or a local tax professional for the most up-to-date and accurate information.

Philadelphia County tax offices:

• Philadelphia County tax assessor
• Philadelphia County tax collector
• Philadelphia County tax commissioner
• Philadelphia County tax appraiser
• Philadelphia County tag office