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Tag Archives | Property taxes

Have you applied for Homestead Exemption yet?

If you haven’t, you only have a couple weeks left. The deadline to apply is Nov. 15.

You probably got an application in the mail at least once, and like us, many of you probably ignored it because, hey, who mails anything anymore? Well, procrastinators, good news. Here’s an online form that takes about 90 seconds to fill out. If you already sent a form in during the summer, there’s no need to do it again.

Under current law it will knock $30,000 off your home’s taxable assessed value starting in the 2014 tax year, when the city plans to implement the Actual Value Initiative for property taxes. And if you’ve heard anything about it at all, South Philly is going to get hit like a ton of bricks, so every little bit helps. The new assessments will be mailed out in February. Fingers crossed.

For more info, go to or call the Homestead Hotline at 215-686-9200.

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Confused about homestead exemption?

UPDATE: Despite what the city’s Office of Property Assessment’s website says, the deadline is even further. It’s July 31 of NEXT year. The city wants the applications by Nov. 31 to be able to include the exemption in the new property assessments they plan to send out by the end of the year. Thanks to the good folks at the Daily News’¬†for clarifying this.

POSTED EARLIER: Don’t worry, you’re not alone. The homestead exemption was conceived of by City Council to blunt the effect of the Actual Value Initiative, a change in the property tax system that could triple or even quadruple property taxes for homeowners in East Passyunk (since we’ve gotten so awesome in the past few years).

Some people have been confused because the city initially said homeowners must apply for the exemption by today, July 31. Well, after AVI was pushed off for a year, the city extended the deadline to Nov. 15, so breath easy. Applications already submitted will still work, so if you’re one of those early birds, don’t worry. You’ll get your worm.

The exemption will knock up to $30,000 — the amount hasn’t been finalized yet — off the taxable assessed value of the home. That will probably lower all our tax bills by about $400 or $500, depending on the tax rate City Council decides on after they come back from summer break (they work so hard). We’d post a link to the form, but the city has pulled it off its website, so you can’t even do it now if you wanted to, but here’s a little more info about it (with the old deadline).

Do you have any other questions about what’s going on in the neighborhood? Let us know in the comments, or email us at

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