Tax Bills Set to Increase Again for Homeowners as Philly Releases New Assessments
More than 345,000 residential properties — three-quarters of the total — are getting assessment increases next year, according to the city’s 2020 assigned market values. Citywide, the median assessment of single-family homes will increase by 3.1 percent, according to an Inquirer analysis. Several neighborhoods, including Rhawnhurst, Queen Village, Eastwick, Bella Vista and Southwest Philadelphia, will have median increases of more than 8 percent. The 2020 values, which are being mailed to property owners this week, come as the city’s Office of Property Assessment (OPA) is still dealing with fallout from last year’s residential revaluation that increased the assessment of the median single-family home increased by 10.5 percent.
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