Philadelphia homeowners will soon receive updated property assessments that will determine their 2027 property tax bills, with most residents expected to see higher valuations following the city’s first full reassessment in more than two years. Property owners who believe their assessments are inaccurate can seek relief through a free informal first level review with the Office of Property Assessment or a formal appeal to the Board of Revision of Taxes, with an Oct. 5 deadline for formal appeals. Residents facing higher tax burdens may also qualify for tax-relief programs, including the homestead exemption, which reduces a property’s taxable value by $100,000, the Longtime Owner Occupants Program (LOOP), which caps assessment increases for eligible longtime homeowners, and tax-freeze programs for seniors and low-income residents that can permanently limit future property tax increases.
Source: PlanPhilly; 6/22/2026