Philadelphia Property Tax Reassessment to Increase Homeowner Bills

New valuations will raise the average homeowner's tax bill by $330, boosting school funding by $115 million over five years.

The reassessment marks the first citywide property evaluation in two years.
Overall residential property values rose by 19%, with 20,000 properties seeing a decrease in taxes.
Homeowners can contest their assessments by October 7 through a first-level review or a formal appeal.
The city has increased the Homestead Exemption and introduced a tax freeze for low-income residents.
Additional revenue from the reassessment and increased tax share will significantly benefit the School District of Philadelphia.