Today, City Council voted to extend the deadline for property tax relief, also known as the Homestead Exemption, to Sept. 13, 2013.
The exemption is available to Philadelphia owner-occupants and provides tax savings under the new Actual Value Initiative (AVI) starting in tax year 2014.
The Nutter Administration said a "little over 50 percent of eligible homeowners have been approved for the Homestead Exemption." City Council offices are reaching out to households to give further notice of the deadline extension.
Homeowners received notice of the Homestead Exemption in February at the same time they received their new property tax assessments. Some citizens have expressed concerns about the AVI rates, such L.T. Woody and Donna DeStefano. AVI documents show differences in neighborhood assessments.
The Office of Property Assessment is presently assessing first level review requests. More than 20,000 first level reviews were submitted. The property tax assessment appeals could take 18 months.
Homeowners have until October 7 to file a formal tax assessment appeal with the Board of Revision of Taxes.
