Philadelphia’s Office of Property Assessment mailed 2027 valuation notices in July 2026, establishing the assessed values that will drive next year’s Real Estate Tax bills and compliance timelines across the city.
OPA Mailings Set 2027 Tax Baselines
OPA determines assessed values, which the Department of Revenue uses to calculate bills.
The Real Estate Tax rate remains 1.3998% for 2027, split between the City at 0.6159% and the School District at 0.7839%.
Bills based on these assessments are due March 31, and the city has issued guidance on how to lower your property tax bill ahead of the 2027 valuations.
Higher Assessments Raise Operating Costs
Many homeowners will see higher assessments compared to the last citywide revaluation.
For owners and operators, any increase in taxable assessed value elevates 2027 property tax expense, with potential knock-on effects for renewal pricing, projected NOI, and the timing of capital projects across managed portfolios.
Appeal Options and Payment Requirements
Property owners can seek an informal First Level Review with OPA or file a formal appeal with the Board of Revision of Taxes by October 5th.
During a formal appeal, taxes are due on the current year’s assessment and settlements may adjust balances after a decision.
Prior coverage summarized what to know about new property assessments and appeal options.
Relief Programs and Eligibility Constraints
Revenue-administered programs can reduce the taxable base, cap increases, or freeze bills.
Options include the Homestead Exemption, Longtime Owner Occupants Program, Senior Citizen Tax Freeze, Low-Income Tax Freeze, and the Real Estate Tax Installment Plan.
Most programs require the property to be the owner’s primary residence.
Homestead reduces the taxable assessed value by $100,000, while LOOP and Homestead cannot be combined.
Additional context on programs that help reduce property tax in Philadelphia outlines broader eligibility considerations.
What Owners and Managers Should Watch
With the rate steady at 1.3998%, assessment changes remain the primary driver of tax pressure on 2027 budgets.
Operators should align collections and payables to the March 31st due date and factor in timelines for any reviews or appeals.
For delinquent accounts, the Owner-Occupied Payment Agreement and installment options can spread costs into monthly payments, affecting cash flow planning and reserves during the 2027 cycle.