The exact increase will vary depending on the property. · mayor cherelle parker announced on monday that, due to results of a citywide revaluation of all property values for tax year 2025, average homeowners throughout the city, that are signed up for the. · her one philly 2. 0 spending plan includes cuts to the wage and business income and receipts taxes , but also a hike in the real estate transfer tax. · as a result of the city’s revaluation, on average, single-family residential properties in philadelphia will see an increase in their property tax bill of approximately $330 for tax year 2025. · philadelphia homeowners will receive property tax bills with an average increase of more than $300 a year following a citywide real estate evaluation, mayor cherelle parker’s administration announced monday. · philadelphia property owners will see an average property tax increase of $330 this year due to the city’s first real estate reassessment in two years, announced by mayor cherelle l. She also wants to make street parking. Philadelphia mayor cherelle parker announced that some residents who signed up for the homestead exemption will see their property taxes go up on average by $330. · mayor cherelle parker made the announcement monday. She said it followed a reassessment of 580,000 properties throughout the city and was not part of a planned tax hike.

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