Reminder: Property Tax Assessment Appeal Deadline for Philadelphia is October 3
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2021 and 2022 have been difficult years for many classes of real estate and some clients have seen values erode due to disruptions such as retail and office closures, eviction moratoriums, etc. If you have a property that has suffered, you should consider a tax valuation appeal.
09.13.22
In Philadelphia, the Office of Property Assessment sets your property value. If you feel that the market value of your property as of January 1, 2023, will be lower than the City’s assessed value and that an appraiser will back this up, you should consider a tax assessment appeal.
The deadline for filing property tax assessment appeals in Philadelphia is October 3. No appeals can be filed for 2023 after that deadline.
For all counties outside of Philadelphia and Allegheny counties, the deadline was August 1, 2021. Those cases will be heard by October 31, 2022 and decided shortly thereafter. There likely will be substantial delays in the scheduling of Philadelphia cases.
As you probably know, local school districts may appeal assessments, claiming the property is under-assessed and asking that the assessment be increased. While most school districts only file appeals if properties are sold, some like Philadelphia are undertaking reviews of high-value properties. There are currently a large number of cases seeking to limit the power of school districts to file selective appeals.
If you feel your property is materially under-assessed or receive a notice of an appeal filed by a school district, please contact a member of our tax appeals group to discuss how to move forward. We do not recommend trying to benefit from COVID-19 disruption if your property has not gone down in value. By putting value in play, you risk an increase in your assessment.
Co-authors Larry Arem and Matt McHugh are partners, and Leonard Altieri is an associate in the tax appeals group at Klehr Harrison.