READ AND PASSED

The enacted measure increases the School District of Philadelphia’s real estate tax rate to 0.7839% for tax years 2025 and later. It establishes a corresponding reduction in the City’s real estate tax rate to 0.6159% for those years, with both taxes calculated using the property’s net taxable value after any homestead exclusion.

Amending Chapter 19-1800 of The Philadelphia Code, entitled "School Tax Authorization," to provide for an increase in the tax that the Board of Education of the School District of Philadelphia is authorized to impose on real estate; and amending Chapter 19-1300, entitled "Real Estate Taxes," to establish an equivalent reduction in the tax rate for the City real estate tax; and making technical changes; all under certain terms and conditions.