6abc News

Real estate tax fraud costing Philadelphia $11.5M per year, city controller says in new report

PHILADELPHIA (WPVI) -- The Philadelphia city controller says real estate tax fraud is costing the city and the school district nearly $11.5 million a year. Controller Christy Brady released findings ...
phillyvoice.com

Average Philly property tax bill to increase by $330 after reassessment, Mayor Cherelle Parker says

The average Philadelphia home owner will pay about $330 more in property taxes in 2025 as a result of the city's latest reassessment of real estate values, the first to take place in two years. Mayor ...
JD Supra

Philadelphia Increases Realty Transfer Tax Rate to 3.578% Starting July 1, 2025

Effective July 1, 2025, the realty transfer tax rate for properties or acquired real estate companies sold in the City and County of Philadelphia will increase to 3.578%, in addition to the ...
phillyvoice.com

City Council backs low-income real estate tax relief, Mayor Cherelle Parker's budget

Philadelphia homeowners might get some relief in real estate taxes if their payments to the city prevent them from accessing basic needs. City Council voted unanimously Thursday in support of a ...
The Real Deal

Philadelphia punts this year’s property reassessments

For the second time in three years, Philadelphia property owners appear to be catching a break from the city. Philadelphia will not conduct property reassessments this year, carrying over values from ...
NBC 10 Philadelphia

Due to reevaluations, Philly homeowners could see property tax hike of $330, mayor says

Mayor Cherelle Parker announced on Monday that, due to results of a citywide revaluation of all property values for Tax Year 2025, average homeowners throughout the city, that are signed up for the ...
The Real Deal

Philadelphia budget proposal full of real estate nuggets

Philadelphia’s real estate industry will be paying close attention to the city’s budget process over the next few months. Mayor Cherelle Parker revealed her 2025-26 budget proposal on Thursday, Bisnow ...
WHYY

4 things to know about the Philadelphia Tax Reform Commission

From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! After a year of research, hearings and deliberation, the Philadelphia Tax Reform ...
The Business Journals

Mayor Cherelle Parker's budget proposal has good and bad news for real estate

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Philadelphia's real estate ...

20-year tax abatement to help turn schools into homes may soon be legal in Philly

Philadelphia developers may soon benefit from a 20-year property tax abatement to convert large, underutilized properties ...
The Business Journals

'Death by a thousand cuts': Philadelphia developers say Trump tariffs will kill real estate projects

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min President Donald Trump increased ...