Bill 170901
Amending Chapter 19-3900 of The Philadelphia Code, entitled "Tax Exemptions for Longtime Owner-Occupants of Residential Properties," to extend the availability of exemptions and making related changes, all under certain terms and conditions.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“Bill No. 180097, entitled "An ordinance to amend the Master Plan for the University of Pennsylvania and to approve the proposed addition to the 3620 Locust Walk; and. Bill No. 180101, entitled "An ordinance to amend the Philadelphia Zoning Maps by changing the zoning designations of certain areas of land within an area bounded by Silverwood Street, Gay Street, Baker Street and Carson Street; and to adopt a Master Pla…”
Chief Clerk · Stated Meeting, April 5, 2018 · Apr 5, 2018 · official transcript, this passage
“The Committee on Stated Meeting March 22, 2018 Finance, to which was referred Bill No. 170365, entitled "An ordinance amending Chapter 19-200 of The Philadelphia Code, entitled 'City Funds - Deposits, Investments, Disbursements,' by amending Section 19-201, entitled 'City Depositories,' by authorizing the City Treasurer to deposit funds in Santander Bank, National Association"; and Bill No. 170901, entitled "An ordin…”
Chief Clerk · Stated Meeting, March 22, 2018 · Mar 22, 2018 · official transcript, this passage
Status timeline
- Oct 19, 2017Introduced and Referred · CITY COUNCIL
- Mar 19, 2018HEARING NOTICES SENT · Committee on Finance
- Mar 19, 2018HEARING HELD · Committee on Finance
- Mar 19, 2018REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
- Mar 22, 2018ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Mar 22, 2018SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Mar 22, 2018READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Apr 5, 2018READ AND PASSED · CITY COUNCIL
- Apr 18, 2018SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
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..Title Amending Chapter 19-3900 of The Philadelphia Code, entitled "Tax Exemptions for Longtime Owner-Occupants of Residential Properties," to extend the availability of exemptions and making related changes, all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-3900 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-3900. TAX EXEMPTIONS FOR LONGTIME OWNER-OCCUPANTS OF RESIDENTIAL PROPERTIES. * * * § 19-3902. Definitions. * * * [(7) "Low-income longtime owner-occupant." A longtime owner-occupant whose total household income is less than or equal to eighty percent (80%) of the Area Median Income, adjusted for household size, as established by the U.S. Department of Housing and Urban Development in its most recent publication for Philadelphia County.] § 19-3903. Eligibility for Exemption of Real Property Taxes. (1) Real property shall be eligible for the exemptions provided for under this Chapter if it meets all of the following conditions: * * * (f) For [the first ten years,] each year, the total household income is less than or equal to one hundred fifty percent (150%) of the Area Median Income, adjusted for household size, as established by the U.S. Department of Housing and Urban Development in its most recent publication for Philadelphia County. [For any tax year after the first ten years, the long-time owner-occupant must qualify as a low-income longtime owner-occupant.] * * * § 19-3905. Benefit Determinations. (1) For purposes of calculating City and School District real estate taxes, upon application pursuant to subsection (2), below, if the certified market value of an eligible property for any tax year, minus any homestead exclusion, is more than three times the certified market value of such property for the immediately preceding tax year, then the certified market value of such property for such tax year shall be deemed to equal three times the certified market value of such property for the immediately preceding tax year, and no further homestead exclusion shall be allowed. Regardless of whether the property is subsequently assessed at a lower or higher market value, the foregoing deemed certified market value shall remain the deemed certified market value for so long as the eligible taxpayer remains eligible, until such property is sold, transferred or is no longer the principal residence of the eligible taxpayer, or until the eligible taxpayer voluntarily opts out of the program. [That deemed certified market value shall not continue for more than ten years, unless the taxpayer qualifies as a low-income longtime owner-occupant.] * * * ___________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End