What is the Philadelphia property tax rate?

Philadelphia's combined real estate tax rate is 1.3998% of assessed market value. It is split into 0.6317% for the City and 0.7681% for the School District of Philadelphia.

What is the Homestead Exemption?

The Homestead Exemption reduces the taxable assessed value of your primary residence by $100,000. On a $300,000 home that lowers the taxable base to $200,000 and saves roughly $1,400 a year.

Is the tax based on purchase price or assessment?

It is based on the assessed market value set by the Office of Property Assessment (OPA), not your purchase price. You can look up your assessment on the City of Philadelphia property search.

Are there other relief programs?

Yes. Programs like the Longtime Owner Occupants Program (LOOP) and senior tax freeze can further reduce bills, but this estimator models only the standard Homestead Exemption.

When are Philadelphia property taxes due?

Real estate taxes are due by March 31 each year. Paying early can earn a small discount, while late payment adds interest and penalties on the unpaid balance.

Philadelphia Property Tax Estimator

How Philadelphia property tax is calculated

Philadelphia levies real estate tax as a flat percentage of your property’s assessed market value, which is determined by the Office of Property Assessment. The current combined rate is 1.3998%, made up of a city portion and a school district portion. This estimator takes your assessed value, optionally removes the Homestead Exemption, and applies the rate to produce your annual bill.

How it works

The taxable value is your assessed market value minus any exemption. The Homestead Exemption removes $100,000 from the assessed value of a primary residence. The math is:

taxable     = max(assessed - exemption, 0)
city_tax    = taxable * 0.006317
school_tax  = taxable * 0.007681
annual_tax  = taxable * 0.013998

The city and school district shares always sum to the combined 1.3998% rate, so the tool shows both lines and the total.

Example and notes

A home assessed at $300,000 with the Homestead Exemption has a taxable value of $200,000. The annual tax is 200,000 * 0.013998 = $2,799.60, split into about $1,263 city and $1,536 school district. Without the exemption the same home would owe roughly $4,199. Always confirm your assessment on the official city property search, and remember that relief programs like LOOP or the senior freeze can lower the figure further than this standard estimate.