For most Philadelphia property owners, their tax rates for this year are based on old assessments, but homeassessments are going up for some.
Mayor Michael Nutter says even while most property owners won’t get a tax bill based on current market values until next year, there are some exceptions.
“About 25,000 properties in the city will see new property values based on various changes,” said Nutter. “For example, if a person added a room to their home, they had significant kitchen or other renovations or if there were any demolition to take place.”
Nutter says if you don’t receive a notice of a new property valuation, then your old assessment remains in place.
A citywide re-assessment is underway. Results will be released to property owners in February.