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Philadelphia Properties Taxes to Increase 3.85%

Philadelphia City Council memebers voted to increase Property Taxes for Philadelphians. Mayor Nutter wanted a soda tax, but city council voted for property taxes.

This hurts! After raising the real estate taxes 10% last year, now again almost 4%, why should people continue to own a home in Philadelphia?  Once you figure in wages taxes and the higher sales tax, owning a home outside of Philadelphia could be a better alternative (especially if you have children in school and work outside of Philadelphia).

The tax will end up effecting Philadelphia homeowners and renters, as many landlords/property management companies will increase rents to cover for the increase in taxes.

In November you can let city council know how much you appriciate the tax.

 

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June 17, 2011 - Posted by | Uncategorized | , , , , , ,

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