Mayor Nutter announces mailing of homestead exemption applications
All Philadelphia homeowners are eligible to apply regardless of age or income.
Mayor Michael A. Nutter announced that Homestead exemption applications are being mailed to Philadelphia homeowners. To ensure easy and fast completion, mailed application forms will be pre-filled with the account number, address and owner's name. Forms will also be available online at www.opa.phila.gov.
"In this challenging economy, it is critical for individuals to take advantage of every available savings opportunity. I want to encourage every Philadelphia homeowner to apply for the Homestead exemption. This tax saving program is open to anyone who owns a permanent residence and will help put extra money in their pockets," said Mayor Nutter.
The Philadelphia Homestead exemption offers real estate tax savings to homeowners by reducing the taxable portion of their property assessment by $30,000 (the exemption amount may be subject to change). In order to have the Homestead Exemption reflected on the Tax Year 2014 Assessment Change Notice, applications should be received by November 15, 2012. Assessment Change Notices will be mailed in February 2013.
Applications that had been submitted previously will be processed. There is no need to submit an additional application unless individuals have moved or their deed has changed.
Only primary residences are eligible for Homestead Exemption. Individuals who own vacation or rental properties are not eligible for the Homestead Exemption for those properties. If a homeowner's property includes commercial or rental space, homeowners are still eligible to receive the Homestead Exemption for the portion of the property that is their primary residence. Co-op residents are also eligible to apply.
+ Top Story
In the coming weeks, Mayor Michael A. Nutter and Deputy Mayor for Economic Development Alan Greenberger will participate in series of events showcasing small businesses and neighborhood development to highlight the ways in which the City of Philadelphia supports economic development in Philadelphia.
While the Great Recession convinced many big corporations to improve efficiency and reduce spending, small businesses have historically known the value of operating “lean and mean.” Many have never had another option, and have always had to accomplish more with less.
The chairman of the National Newspaper Publishers Association, a federation of more than 200 Black-owned newspapers, says the Washington Redskins’ team - under fire from a Richmond, Va. publisher - is in sync with the entire National Football League in its apparent oppressive treatment of Black businesses and consumers.
Customers can shop Black Friday deals from Kmart for 41 hours straight, starting at 6 AM on Thanksgiving Day to 11 PM on Black Friday. Sears stores will open doors starting at 8 PM on Thanksgiving Day through 10 PM on Black Friday, with more than 1,000 doorbusters available until 1 PM Friday afternoon.
“You know Obamacare is really I think the worst thing that has happened in this nation since slavery… it is slavery in a way, because it is making all of us subservient to the government, and it was never about health care. It was about control.” -- Dr. Ben Carson October 11, 2013.
The Philadelphia Housing Authority (PHA) continues to receive recognition as a stand out development leader among U.S. Housing Authorities. The most recent received award recognition from several industry organizations showcases four PHA developments.
The Department of Revenue announced the start of a new repayment program aimed at helping owner-occupied homeowners with past due and delinquent real estate taxes. The Owner-Occupied Real Estate Payment Agreement allows homeowners to make monthly payments on their past due taxes.
The goal of every taxpayer is to make sure the Internal Revenue Service gets as little as possible. For that to happen, you need to take every tax deduction, credit or other income adjustment you can. Here are 10 tax breaks -- some for itemizers only, others that any filer can claim --