Reminder: Pennsylvania 2024 Property Tax Assessment Appeal Deadlines Are Approaching
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Recent events have been tough for real estate owners and many properties have declined in value. If you feel that the market value of your property as of January 1, 2024, will be lower than the “Computed Value” (assessed value times the common level ratio) and that an appraisal will support that position, then you should consider a tax assessment appeal.
07.05.23
The deadline for filing property tax assessment appeals in Philadelphia is October 2. No appeals can be filed for 2024 after that deadline, except late-year purchasers have a limited extension.
For all counties outside of Philadelphia and Allegheny counties, the deadline is August 1, 2023. Those cases will be heard by October 31, 2023, and decided shortly thereafter. Therefore, appraisers need to be lined up immediately for out-of-Philadelphia appeals. There likely will be substantial delays in the scheduling of Philadelphia cases.
As you may know, local school districts may appeal assessments, claiming the property is under-assessed and asking that the assessment be increased. If you get a notice from a School District that they filed an appeal, you need to defend against it.
If you believe 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.
For more information, you can attend or watch our CLE, “Distressed Real Estate in Pennsylvania-Real Property Value Appeals and Realty Transfer Tax Challenges,” presented by Larry Arem and Matthew McHugh on Monday, July 17.
Co-authors Larry Arem, Herc Grigos, Ron Patterson and Matthew McHugh are partners, and Leonard Altieri is an associate in the tax appeals group at Klehr Harrison.