Alerts and Updates

Deadline Looms for Filing Appeals to Reassessment Notices for Philadelphia Properties

September 14, 2007

The Board of Revision of Taxes, the assessing authority for the City and County of Philadelphia, has been sending out more than 400,000 Notices of Proposed Valuation, or reassessment notices, for tax year 2008. These notices indicate proposed market value changes — and real estate tax increases — for residential, commercial and industrial properties throughout Philadelphia.

Record and equitable property owners and tenants paying real estate taxes may file 2008 market value appeals with the Board of Revision of Taxes, whether the proposed 2008 market/assessed values are greater than or the same as the 2007 market/assessed values. The deadline for filing an appeal with the Board is October 1, 2007, or 30 days from the date of the Board's Notice of Proposed Valuation, whichever is the later date.

Attorneys in the Real Estate Practice Group have the knowledge, experience and resources to provide consultation on real estate tax matters, prepare and file market value appeals and pursue all forms of real estate tax relief for every type of property before the Board of Revision of Taxes.

For Further Information

For questions or assistance regarding real estate tax relief, please contact any of the attorneys in our Eminent Domain and Land Valuation Practice Group.

As required by United States Treasury Regulations, you should be aware that this communication is not intended by the sender to be used, and it cannot be used, for the purpose of avoiding penalties under United States federal tax laws.

Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.