Philadelphia Land Bank Board Approves 2017 Strategic Plan

The Philadelphia Land Bank Board has approved the Land Bank’s 2017 Strategic Plan. The 2017 Strategic Plan will be submitted to City Council this week for its consideration.  The Strategic Plan analyzes market conditions and resident needs and identifies opportunities
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US Targets Money Laundering in All-cash Home Sales in Miami, Manhattan

Reuters The United States is going after international criminals who use real estate to launder money by ordering title insurance companies to report the identities of people making all-cash purchases of high-end real estate in Miami and Manhattan. The Financial Crimes Enforcement Network, an arm of the U.S. Treasury, said on Wednesday (more...)

City Of Philadelphia To Hold Second Tax Lien Sale

Department of Revenue expects successful repeat of summer pilot program The City of Philadelphia announced that the Department of Revenue will hold a second internet-based real estate tax lien sale auction, which will run from December 16-18, 2015 and be hosted by Real Auctions, LLC. Following the success of (more...)

White Bill to Aid Cooperatives and Condos Passes House

The House has passed legislation sponsored by Rep. Martina White (R-Philadelphia) to help those living in condominiums and cooperative associations.  It now moves to the Senate. “My legislation, House Bill 1340, will ensure that these self-governing communities are not negatively affected by a recent U.S. Court of Appeals decision and new (more...)

Ciity Of Philadelphia Mailed Property Tax Reassessment Notices Foe 131,000 Properties

The City of Philadelphia’s Office of Property Assessment (OPA) mailed approximately 131,000 property reassessment notices for Tax Year 2016 to Philadelphia property owners. Almost 126,000 notices are a result of OPA’s yearly reassessment process to improve and maintain property assessments.  The OPA examined properties in certain neighborhoods in the city where values (more...)

Property Assessment Accepts Applications For the Homestead Exemption

The City of Philadelphia announced that the Office of Property Assessment will accept applications for the Homestead Exemption after the September 13th deadline through December 1st. “To ensure that every eligible Philadelphian has the opportunity to apply for the Homestead Exemption and receive this important tax relief, the Office (more...)

Philadelphia And PIDC Launch Phase Two Of School Building Sales

PIDC will manage the sales process for 20 schools identified by the School District of Philadelphia for re-use. Mayor Michael A. Nutter and Superintendent Dr. William Hite announced today that PIDC, on behalf of the School District of Philadelphia, will begin accepting sales offers on 20 (more...)

City Of Philadelphia Selected As A Promise Zone Designee

The City of Philadelphia was one of three cities and a total of five areas selected for a Promise Zone designation, a federal initiative to accelerate revitalization efforts in targeted areas.  The Promise Zone initiative is led by the White House with support from federal agencies, including the U.S. Department (more...)

The Real Estate Tax “Senior Freeze” Program

The Philadelphia Department of Revenue is encouraging low income senior citizens to apply now for the Low Income Senior Citizen Real Estate Freeze program. Under the program, the City will “freeze” the applicant’s real estate tax for the calendar year in which the taxes are due. Once (more...)

How To Repurpose Closed School Properties In Philadelphia?

School Reform Commission approves new school disposition policy Mayor Michael A. Nutter and Superintendent Dr. William R. Hite announced today that the City of Philadelphia will partner with the School District of Philadelphia to manage the revised Adaptive Sale and Reuse Policy for schools closed (more...)

City Of Philadelphia: Telephone Town Hall Meetings On Property Taxes

The City of Philadelphia will host two Telephone Town Hall meetings to discuss property taxes.   City officials will answer caller questions about the Actual Value Initiative and property tax relief programs, including the Homestead Exemption. “This year, the City’s new fair, accurate and understandable property tax (more...)

House Committee Moves Philadelphia Property Tax Legislation

Three pieces of legislation, which deal with curtailing property abandonment and blight and with ensuring the collection of property taxes at fair rates to taxpayers in Philadelphia, may now be voted by the full House following unanimous passage today by the House Urban Affairs Committee, chaired by state Rep. (more...)

Mayor Announces Mailing Of Property Assessment Notices

Mayor Nutter and City officials provide update on the Actual Value Initiative (AVI). Mayor Michael A. Nutter announced that Property Assessment Notices for tax year 2014 for residential, commercial and industrial properties are being mailed and are available online today.  The Assessment Notices reflect, for the (more...)

U.S. Homeownership High Among Foreign-Born

The rate of home ownership is high among the foreign-born living in the United States, according to a report recently released by the U.S. Census Bureau. More than half (52 percent) of foreign-born householders owned their homes in 2011, according to the study. In contrast, about two-thirds (67 (more...)

Philadelphia’s Planning & Zoning Process Receives Best Practice Planning Award

The City of Philadelphia’s Integrated Planning and Zoning Process will receive the 2013 National Planning Excellence Award for a Best Practice from the American Planning Association for the City’s innovative approach at leveraging the synergy between citizen education, planning, and zoning reform. The Best (more...)

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