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: EXCLUSIVE VIDEO: Center City Hit-And-Run Leaves Woman In Critical Condition, Police 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: 'This Is What We Do In A Small Town': Mullica Hill Residents Continue Recovery Efforts Weeks After Tornado
“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: New Jersey Man Credits Keeping Mind Active As He Celebrates 105th Birthday
Home owners who pay their real estate taxes by the end of February receive a 1% discount.