September 8, 2020
All property owners in Philadelphia should know that the deadline to file an appeal of their 2020 Real Estate Tax Assessment is October 5, 2020. If you believe a property you own is over-assessed, you should contact one of our attorneys as soon as possible, as you may be entitled to tax relief.
The COVID-19 pandemic and related shutdowns have disrupted many non-essential businesses, schools and other institutions in Philadelphia, causing sudden and dramatic changes to the real estate market. Expert real estate appraisers have identified for our attorneys certain properties that may have the best potential for substantial tax reduction due to the negative impacts caused by recent events, including office buildings, retail, hotels, certain multi-family properties (such as those close to a College or University utilizing remote learning), many industrial properties, and others.
Additionally, for most commercial and industrial properties, a reduction of your Real Estate Tax Assessment will also result in a reduction of the Use & Occupancy Taxes for the property.
If you believe your property in Philadelphia is over-assessed for real estate taxes, our attorneys are ready to navigate this issue for you. For assistance, please contact:
S. David Fineman, Esq.
Joshua B. Horvitz, Esq.