Real Estate Tax Assessment Appeals For Most Properties In Philadelphia Must Be Filed By October 6, 2014
Written by: Alan Nochumson
An appeal of the assessed market value of a property located in Philadelphia is initiated by filing an application with the Board of Revision of Taxes (“BRT”).
For most property owners in Philadelphia, the application to appeal the real estate tax assessment must be filed with the BRT by no later than Monday, October 6, 2014.
What happens if you enter into an agreement of sale to purchase a property located in Philadelphia after the October 6, 2014 deadline? If you enter into an agreement of sale to purchase a property located in Philadelphia and the agreement of sale is executed after October 6, 2014 but before December 31, 2014, you must submit an application to appeal the real estate tax assessment for the 2015 tax year within 30 calendar days from the date the agreement of sale is signed by all of the parties.
Furthermore, if you purchase a property located in Philadelphia after October 6, 2014 but before December 31, 2014, you can still submit an application to appeal the real estate tax assessment for the 2015 tax year no later than 30 calendar days after the property is transferred to you.
If you fail to file the appeal of the real estate tax assessment in a timely fashion under any of the scenarios described above, you forever risk waiving your right to do so.
To download an application, click here.