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A temporary property tax relief program created last year to help thousands of low-income homeowners across Philadelphia won’t extend its deadline for applications any further than Jan. 31 at 5 p.m., city leaders told WHYY News.
The Philadelphia Real Estate Tax Credit program is not only new but also a one-time relief effort for low-income homeowners citywide.
Eligible city homeowners could receive a $500 credit to pay their real estate tax bills for 2022 and 2023.
To qualify, homeowners must live in the property, be the legal owner and have property tax bills that went up at least 50% — if not more — in the last two years. Also, the average household income must be at or below 80% of the area median, which is $71,400 for a household of two people and $89,250 for a household of four people.