READ AND PASSED

The enacted ordinance creates a low-income tax program for Philadelphia residents who live in a homestead and meet an income limit tied to the state’s PACENET program. Beginning with tax year 2025, eligible taxpayers may receive a refund or forgiveness for the portion of their City and School District real estate taxes caused by later tax-rate increases or increases in their property’s assessed value; they must apply and provide proof of income and the homestead.

Amending Title 19 of The Philadelphia Code, entitled "Finances, Taxes and Collections," by adding a new Chapter 19-4600, entitled "Low-Income Tax Provisions," providing for the refund or forgiveness of real estate tax liability of certain low-income residents attributable to real estate tax increases and increases in the assessed value of the taxpayer's homestead, under certain terms and conditions.