The City of Philadelphia's Low-Income Tax Freeze program has been a topic of much conversation since its inception a year ago, noted for its significant impact in making property taxes more affordable for thousands of residents.
The Low-Income Tax Freeze program is intended to help Philadelphians remain in their homes by preventing property tax bills from rising, regardless of changes in tax rates or property values. If an assessment or tax rate decreases, the Department of Revenue will adjust the bill downward and lock it at the reduced amount. However, the program does not provide refunds for property taxes paid before enrollment, according to the City's report.
For eligibility, this freeze aims at those owning and residing in their Philly homes with an income of $33,500 for a single person or $41,500 for a couple. Age is no barrier here – all are welcome to apply. The program also makes provisions for residents whose spouse may have passed yet remains on the deed; a must is simply proof of your residence.
The rules surrounding the base year for tax calculations are key to understanding the Low-Income Tax Freeze program. For example, if a homeowner qualifies in Tax Year 2025, their bill will be locked at the prior year’s rate. Applicants who join later, such as in 2027, may still set their base year to 2024 if they meet the eligibility requirements for that period. The report also emphasizes that participants must complete annual income recertification to maintain the benefit, as mentioned on the City of Philadelphia website.
For more information or to determine eligibility, the Department of Revenue encourages residents to reach out.
