READ AND PASSED

This enacted ordinance changes Philadelphia’s tax exemption program for longtime residential owner-occupants. It generally limits eligibility to households with income at or below 120% of area median income, while allowing households enrolled before tax year 2023 to remain eligible up to 150%; it also changes property-value limits, sets an opt-out process, moves the application deadline to September 30, and raises the citywide exemption cap to $35 million for 2023 and later tax years.

Amending Chapter 19-3900 of The Philadelphia Code, entitled "Tax Exemptions for Longtime Owner-Occupants of Residential Properties," to modify parameters of tax exemptions for longtime residential owner-occupants, all under certain terms and conditions.