5 Essential Steps to Navigate the Philadelphia Property Tax Appeal Process in 2023

September 15, 2023

What is the Philadelphia Property Tax Assessment?

The Philadelphia property tax assessment as measures the fair market value of your property. This is crucial because it helps the city determine how much you owe in property taxes. For many homeowners, property taxes are a significant portion of their annual expenses.

Our team at RS Law Group includes real estate attorneys with 20+ years of experience in Philadelphia commercial property law. If you feel that your property assessment should be appealed, call us today at (215)-717-2200 for a consultation.

Why Should You Appeal Your Property Tax Assessment?

So, why should you consider appealing your property tax assessment? There are several scenarios where this could be beneficial:

Overvaluation: If your property is assessed at a value higher than its actual worth, you’re essentially paying more taxes than you should.

Significant Increase: If your assessment has skyrocketed from the previous year without any substantial improvements to your property, that’s another red flag.

Property Changes: Whether your property has recently been damaged or renovated, these changes can affect its value and, consequently, your tax assessment.

Neighborhood Fluctuations: If your neighborhood has seen a decline in property values, your assessment should reflect that change.

Deadline Alert: October 2, 2023

The deadline to appeal your property tax assessment in Philadelphia is October 2, 2023. Missing this deadline means that you will not be able to file any type of appeal.

How to Appeal Your Property Tax Assessment in Philadelphia

In the City of Brotherly Love, you have two avenues for appealing your property tax assessment:

First Level Review (FLR): This is the informal route. You can request an FLR by mail or online. No need to put on a suit and tie; it’s a laid-back process without a formal hearing.

Board of Revision of Taxes (BRT) Hearing: If the FLR doesn’t pan out, you can escalate the matter to a BRT hearing. This is the big leagues, a formal proceeding where you’ll present your case before a panel of three judges.

5 Steps to Navigate the Philadelphia Property Tax Appeal Process:

Gather Your Documentation: Collect evidence that supports your appeal, such as comparable sales, appraisals, and documentation of recent renovations.

File on Time: Remember, the deadline is October 2, 2023. It is important that you file no later than this deadline.

Attend Your Hearing: If you’ve opted for a BRT hearing, attendance is mandatory. Make your case compellingly.

Negotiate Like a Pro: The BRT panel may be open to negotiations. Be prepared to engage in some corporate diplomacy to reach a favorable settlement. It is important you understand your property tax assessment appeal in Philadelphia.

Accept or Appeal: If the BRT’s decision doesn’t sit well with you, you have the option to appeal to the Philadelphia Court of Common Pleas.

Tips for a Successful Appeal

Be Prepared: Just like you wouldn’t go to a job interview without a resume, don’t go to your hearing without solid evidence.

Be Clear & Concise: The BRT has a packed schedule, so remain prompt and have a firm understanding of your appeal.

Be Respectful: Keep it professional. The judges are there to help you with you appeal.

How Can a Real Estate Attorney Assist You?

Engaging a real estate attorney can be a game-changer in your property tax appeal process. They can:

Facilitate the gathering of robust evidence
Ensure timely filing of your appeal
Represent you during the BRT hearing
Negotiate a settlement on your behalf
Take the case to the Philadelphia Court of Common Pleas, if necessary

Frequently Asked Questions: Real Estate Value Tax Appeal Process in Philadelphia 2023

1. What's the Difference Between FLR and BRT Hearing?

FLR is informal and does not require a hearing, while a BRT hearing is a formal proceeding.

2. What Evidence Should I Bring?

A: Bring anything that proves their assessment is off the mark. Comparable sales, appraisals, and recent renovations are all fair game.

3. What Should I Expect at the Hearing?

Expect a formal setting where you’ll present your case to a panel of judges. They may ask you questions, so it is important you review with your real estate attorney before answering these questions.

4. What Happens if I Win or Lose?

Winning means your property tax assessment gets reduced, saving you money. Losing means you’re back to square one, and you’ll have to cough up the full amount due.

Choosing a Commercial Real Estate Attorney

Navigating the property tax appeal process in Philadelphia can be a daunting task. We guide each client that chooses RS Law Group through their appeal process with personalized and one-on-one attention. For more information, call us at 215-717-2200 or email us at co*****@********up.com.