Mayor Cherelle Parker is expected to join City of Philadelphia officials on Monday afternoon to discuss the results of a citywide revaluation of all property values for Tax Year 2025.
According to a statement from the Mayor’s Office, city officials will also encourage property owners to enroll in newly expanded tax relief programs that mitigate the impact of the valuations.
Philadelphia Mayor Cherelle Parker is expected to unveil the results of a citywide reevaluation of citywide property values for Tax Year 2025. The event is set to be held at 1 p.m. and it will be livestreamed at the top of this story.
Last year, the city paused property tax assessments after bringing them back following that three-year break.
Many property owners were surprised, at that time, as values had risen by 31-percent across the city and a quarter of city homeowners saw their values double.
This reportedly caused a flood of appeals to the city’s Property Tax Assessment office, which tied up the agency’s ability to conduct new assessments.