Most Read Contributor in United States, March 2017
The recent property assessments conducted by Philadelphia
County focus on 'high-value' commercial, industrial and
institutional properties, with increased assessments likely for
2018 Philadelphia County Reassessment
Philadelphia County concluded a reassessment for the 2018 tax
year focusing on "high-valued" commercial, industrial,
and institutional properties. According to testimony provided by
Philadelphia's chief assessment officer before City Council on
April 5, 2017, the "high-valued" properties include
hotels, office buildings, apartment buildings, all retail
properties, restaurants, movie theatres, warehouses, multi-use
properties, and even commercially zoned vacant land. The chief
assessment officer further represented that assessment increases
are proposed for many of the properties. Reassessment notices are
scheduled to be mailed to property owners starting Friday, April
Property owners may request a first-level review with the Office
of Property Assessment by submitting the request form included with
the reassessment notice within 30 days of the date of mailing of
the notice. Our experience is that informal reviews only correct
property data errors, and do not address specific valuation
If property owners remain dissatisfied with the results of their
first-level review, they will have the right to file a formal
appeal with the Philadelphia Board of Revision of Taxes no later
than Monday, October 2, 2017. The chief assessment officer
anticipates that many property owners will likely file appeals
based upon the process. Property owners electing not to participate
in the first-level review process will not waive their right to
file a formal appeal.
We would be glad to assist you in evaluating your property for
an informal review or a possible appeal. Please contact us at the
number or email listed below to request an evaluation of your
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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