Important Property Tax Program Deadlines are Quickly Approaching!

Two important property tax program deadlines are approaching – don’t miss your chance to apply!

 1)    Senior Citizen Tax Freeze – deadline January 31, 2014

If you are an income-eligible senior citizen, the City of Philadelphia will “freeze” your real estate taxes. Once approved, if your assessment changes or the tax rate changes, your taxes will not increase.

To qualify: you or your spouse must be 65 or older, or you must be over 50 and your deceased spouse was at least 65 at the time of death; you must meet income guidelines.

For more information, click here.

 2)    LOOP (Longtime Owner Occupants Program) – deadline February 18, 2014

If you have lived in your home at for least 10 years and your property has a substantial increase in assessed value, the City may give you significant tax savings for 10 years.

To qualify: You must have owned and lived in the property as your primary residence since at least July 1, 2003; your home must be either a single-family or multi-unit property with no more than three residential units and one commercial unit; your property may not have received a tax abatement; your real estate taxes must be paid in full, or you must be current on a payment agreement or have an application for a payment agreement pending; the 2014 assessed value of your property must approximately triple the 2013 assessed property value; you must meet income guidelines.

For more information, click here.

 For a comprehensive list of Philadelphia property tax programs, check out SeniorLAW Center’s new flyer.

SeniorLAW Center’s program, Property and Inheritance Tax Aid for Elders, provides legal assistance on many tax issues to seniors throughout Pennsylvania. The project was launched with the generous award of an ABA Section of Taxation Public Service Fellowship. For more information about the program, click here.

If you have any questions, please contact the SeniorLAW Center HelpLine at 215-988-1242 or 1-877-727-7529.