If you’re a senior citizen in Philadelphia, you should take advantage of important Real Estate Tax savings before it’s too late. The deadline to sign up for the Senior Citizen Real Estate Tax Freeze has been extended to September 30. This year is a critical one.
By getting into Tax Freeze, you can lock in your Real Estate Tax bills based on current property values and tax rates. The program works by “freezing” your bill—making sure it does not increase in the future. If your assessment ever goes down, your bill will go down too. But it can never increase, even if there is a tax rate change, or assessment change.
Senior Citizen Tax Freeze has age and income requirements. Find out if you qualify and get an application online, or call (215) 686-6442 for more information.