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File #: 170901    Version: 0 Name:
Type: Bill Status: IN MAYOR'S OFFICE
File created: 10/19/2017 In control: Committee on Finance
On agenda: Final action: 4/5/2018
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.
Sponsors: Councilmember Johnson, Councilmember Bass, Councilmember Quiñones Sánchez, Councilmember Parker, Councilmember Blackwell, Council President Clarke, Councilmember Squilla, Councilmember Greenlee, Councilmember Oh
Indexes: TAX EXEMPTIONS FOR LONGTIME OWNER-OCCUPANTS OF RESIDENTIAL PROPERTIES
Attachments: 1. Bill No. 17090100.pdf
Date Ver.Action ByActionResultAction DetailsVideo
4/5/20180 CITY COUNCIL READ AND PASSEDPass Action details Not available
3/22/20180 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR  Action details Not available
3/22/20180 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass Action details Not available
3/22/20180 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR  Action details Not available
3/19/20180 Committee on Finance HEARING NOTICES SENT  Action details Not available
3/19/20180 Committee on Finance HEARING HELD  Action details Not available
3/19/20180 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED  Action details Not available
10/19/20170 CITY COUNCIL Introduced and ReferredPass Action details Not available
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.

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§ 19-3902. Definitions.

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[(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:

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(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.]

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§ 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...

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