by Steve Tawa
PHILADELPHIA (CBS) — The Philadelphia Department of Revenue held a Taxpayer Appreciation Day on Friday at the Municipal Services Building, as a student string quartet from the Creative & Performing Arts High School serenaded visitors to ease them into this tax season.READ MORE: Hyram Hill, Son Of Philadelphia Police Officer, Killed In Targeted Shooting In North Philly, Sources Say
Department of Revenue Commissioner Frank Breslin says, their mission is to collect taxes, but folks can reduce their tax liability.
One of the big ones is the homestead exemption program.READ MORE: All Lanes Reopen At I-76 Eastbound, Route 42 Southbound In Gloucester City, New Jersey After Overnight Crash
“If you live in your home, you can get a $30,000 reduction off of the assessed value. It will save a tax payer about $400 a year in real estate taxes,” said Breslin.
There is also the senior citizen tax freeze.
“If they meet income requirements, they can basically lock their taxes where they are right now,” Breslin explained.MORE NEWS: Flyers Tie Franchise Record With 12th Straight Loss
Home owners who pay their real estate taxes by the end of February receive a 1% discount.