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12:37 AM / Saturday April 20, 2024

2 Sep 2012

Mayor Nutter announces mailing of homestead exemption applications

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September 2, 2012 Category: Color Of Money Posted by:

All Philadelphia homeowners are eligible to apply regardless of age or income.

 

Mayor Michael A. Nutter announced that Homestead exemption applications are being mailed to Philadelphia homeowners. To ensure easy and fast completion, mailed application forms will be pre-filled with the account number, address and owner’s name. Forms will also be available online at www.opa.phila.gov.

 

“In this challenging economy, it is critical for individuals to take advantage of every available savings opportunity. I want to encourage every Philadelphia homeowner to apply for the Homestead exemption. This tax saving program is open to anyone who owns a permanent residence and will help put extra money in their pockets,” said Mayor Nutter.

 

The Philadelphia Homestead exemption offers real estate tax savings to homeowners by reducing the taxable portion of their property assessment by $30,000 (the exemption amount may be subject to change). In order to have the Homestead Exemption reflected on the Tax Year 2014 Assessment Change Notice, applications should be received by November 15, 2012. Assessment Change Notices will be mailed in February 2013.

 

Applications that had been submitted previously will be processed. There is no need to submit an additional application unless individuals have moved or their deed has changed.

 

Only primary residences are eligible for Homestead Exemption. Individuals who own vacation or rental properties are not eligible for the Homestead Exemption for those properties. If a homeowner’s property includes commercial or rental space, homeowners are still eligible to receive the Homestead Exemption for the portion of the property that is their primary residence. Co-op residents are also eligible to apply.

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