Tax burden lightens a bit on Philly residents, narrowing gap between city and suburbs
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A Pew study finds tax gap between city and suburbs has narrowed. (Emma Lee/WHYY)
Philadelphia’s high taxes compared to those in nearby counties are often cited as a major reason for the flow of city residents and jobs to the suburbs. A new Pew Trust study, however, has pointed to a shrinking tax gap between Philadelphia and its suburbs.
Dave Heller sits down with Pew Trust researcher Tom Ginsberg to discuss the new findings that take into account major state and local taxes.
“Now the city is more affordable than it used to be in terms of taxes,” he said. One of the main reasons for the reduced tax gap is the new Homestead Property Tax deduction.
To see a full breakdown of Philadelphia and the surrounding suburbs visit pewtrusts.org/compare-philly-suburban-tax-burden.
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