How to Save on Your Philadelphia Real Estate Tax Bill: Important Tax Relief Programs You Should Know About

Here are some key ways you can reduce your real estate tax bill:

Homestead Exemption
If you own and live in your home as your primary residence, you can save up to $1,399 per year with the Homestead Exemption. Once enrolled, there’s no need to re-apply each year. Learn more at phila.gov/Homestead or call (215) 686-9200.
Low-Income Tax Freeze
Homeowners earning less than $2,790 per month (or $3,450 for married couples) can “freeze” their property tax at a previous year’s amount, meaning you won’t pay more even if taxes go up. This is a game-changer for those on fixed incomes! Visit phila.gov/tax-freeze or call (215) 686-6442 to apply.
Senior Citizen Tax Freeze
Seniors who meet the same income guidelines as the Low-Income Tax Freeze can lock in their property tax rate for life. This allows senior citizens to protect their retirement funds while staying in their homes. Call (215) 686-6442 or visit phila.gov/senior-freeze for details.
Owner-Occupied Payment Agreement (OOPA)
If you’re struggling with Real Estate Tax debt, you can enter the OOPA program, which allows you to make affordable monthly payments and protect your home from a Sheriff Sale. Get more information at phila.gov/oopa or by calling (215) 686-6442.
Longtime Owner Occupant Program (LOOP)
Has your property assessment skyrocketed? If your assessment increased by at least 50% in the past year or 75% over five years, LOOP may allow you to lock in your lower assessment and avoid paying more. Eligibility depends on your income and how long you’ve owned your home. Call (215) 686-9200 or visit phila.gov/loop for more details.

Don’t miss out on these valuable opportunities to lower your Real Estate Tax bill and protect your family’s financial future. Take advantage of Philadelphia’s top-notch tax relief programs today! Whether you’re buying, selling, or looking to maximize the value of your property, our team of experienced realtors is here to help. Contact us now to discuss your real estate needs and make sure you’re taking full advantage of these savings!