Homeowners In Philadelphia Can Pay Last Year’s Real Estate Taxes Pending Tax Assessment Appeal

If you are renovating a residential property in Philadelphia, you may be eligible for a valuable real estate tax abatement—but you must act quickly to secure it.

Philadelphia’s Real Estate Tax Abatement for Renovations

Philadelphia’s residential real estate tax abatement program offers a 10-year break on the value of property improvements. In the first year, the abatement covers 100% of the increased value from renovations, decreasing by 10% each year over the next nine years. This abatement does not begin until the year after the improvements are completed.

Apply Before December 31, 2024

If you obtained a building permit in 2024 for a renovation, you must apply for the abatement by December 31 of this year. Missing this deadline could mean permanently forfeiting the benefit.

This program is one of the most effective incentives for residential reinvestment in Philadelphia. It encourages property owners to pursue upgrades, additions, and other improvements that raise the standard of housing in the city.

Because this is a government program with strict timing rules, we strongly recommend consulting legal counsel well before submitting your building permit application.

Book a free, 15-minute consultation with Alan Nochumson to review your eligibility. Contact him at alan.nochumson@nochumson.com or call (215) 600-2851.