Philadelphia’s Office of Property Assessment began mailing 2027 Notices of Valuation on June 29th.
The Department of Revenue is rolling out expanded outreach to explain tax relief options citywide.
The new values take effect January 1st.
First Level Review and Board of Revision of Taxes appeal deadlines are landing this fall, and Real Estate Tax is due March 31st.
City Begins Mailing 2027 Assessments and Expands Outreach
The City estimates an approximate $97 change in the Real Estate Tax bill for the median-valued residential property, though impacts will vary by parcel.
Officials also plan to engage an independent third-party consultant to evaluate the accuracy and equity of this year’s revaluation.
The outreach campaign includes door-to-door engagement, mailers, SMS, advertising, and community meetings under the broader City to mail 2027 property assessments and launch expanded outreach effort.
Appeal and Payment Calendar for Tax Year 2027
Owners can seek a First Level Review by September 1st, followed by a formal appeal to the Board of Revision of Taxes by October 5th, which includes a hearing.
While appeals proceed, taxes must be paid on the current assessment.
Bills begin mailing December 1st and payment is due March 31st.
Prior context on the two options to appeal a property assessment outlines the informal OPA review and the BRT hearing track.
Expense Impacts on Rental Portfolios and Leasing
Non-homestead rentals do not benefit from owner-occupied exemptions, so higher assessments can flow directly into operating expenses.
That can influence renewal pricing, with cost pressures arriving ahead of the March 31st tax due date, potentially affecting leasing velocity where rents push against neighborhood thresholds.
Variation across blocks in Southwest, West, and River Wards submarkets can create uneven rent pressure within the same portfolio.
Relief Programs and Limits Relevant to Operators
Key programs include the Homestead Exemption that reduces taxable value by $100,000, with most homeowners saving $1,399, and an installment plan that lets eligible owners pay current-year taxes over 11 months.
Additional options include Senior and Low Income Freeze programs, LOOP for capping taxable portions after large assessment jumps, and OOPA agreements for past-due balances.
A homeowner cannot be enrolled in LOOP and Homestead at the same time.
What Owners and Managers Should Watch Next
Updated values can be reviewed portfolio-wide as 2027 property assessment notices are arriving, with online lookups supporting underwriting updates.
City webinars run through October, and the third-party review may shape future assessment practices.
Accurate property characteristics, rent rolls, and documentation will be central to any appeal and to confirming eligibility where relief programs intersect with owner-occupancy rules.