How Philadelphia Homeowners Can Save Up to $1,399 on Property Taxes

Home Owner Blueprint

What Is the Philadelphia Homestead Exemption?

Philadelphia’s Homestead Exemption is a property tax savings program for owner-occupied homes in the city. It reduces the taxable assessed value of your home by $100,000. At the current tax rate of 1.3998%, that means a savings of up to $1,399 annually—year after year.

Whether you live in a Point Breeze rowhome, a Rittenhouse Square condo, or a family home in Mt. Airy, this exemption can make a noticeable difference in your yearly expenses.

Who Qualifies?

To be eligible, you must:

Own the property
Use it as your primary residence
Be located within Philadelphia County

There are no income restrictions. Once you’re approved, the exemption automatically renews every year unless the deed changes (for example, due to refinancing or adding an owner).

How to Apply: The application is quick, free, and only needs to be done once.

You can apply:

Online at Philadelphia’s Tax Center
By phone at (215) 686-9200
By mail using a downloadable paper form

📅 Deadline: Apply by September 13 to see savings on your next year’s tax bill.

Already Bought a Home This Year?

Many new homeowners miss the exemption in their first year simply because they don’t know it exists. If you’ve recently purchased a property, submit your application now to avoid paying more than you have to.

Can You Combine This With Other Programs?

In some cases, yes. Certain tax relief programs, like the Senior Citizen Tax Freeze, can be used in addition to the Homestead Exemption. However, you cannot combine it with the Longtime Owner Occupants Program (LOOP).

The Homestead Exemption is one of Philadelphia’s easiest ways to lower your property taxes. One simple application could save you nearly $1,400 every year—money you could put toward renovations, savings, or paying down your mortgage faster.

💡 Start saving today.

👉 Apply for the Philadelphia Homestead Exemption here

Have questions about property taxes or selling your home? Contact me for expert guidance.