The exemption chops 30-thousand dollars off the value of your home, and that in turn decreases your property taxes up to about 400-dollars.
City officials have extended the Homestead Exemption application deadline to September 13th.
City Council members say their own analysis of new property assessments points to the great need for relief measures for those hit hardest by rising property values.
Philadelphia residents who want to take advantage of the 2014 homestead exemption have until next summer to apply, but they may want to get that application in by the end of the day today.
Want to lower your real estate taxes? Who doesn’t! Well if you live in Philadelphia, now’s your chance. As 3 On Your Side consumer reporter Jim Donovan explains all you have to do is fill out a form.
Starting Friday, Philadelphia homeowners can apply for a homestead exemption — even though the program has not yet even been approved by the state legislature.
City Council President Darrell Clarke on Thursday delivered a shot across the bow to Mayor Nutter’s plan to overhaul property taxes.