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File #: 180166    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 3/1/2018 In control: Committee of the Whole
On agenda: Final action: 6/7/2018
Title: Amending Section 19-1301.1 of The Philadelphia Code, entitled "Homestead Exclusion," to increase the amount of the homestead exclusion, under certain terms and conditions.
Sponsors: Council President Clarke, Councilmember Henon
Indexes: HOMESTEAD EXEMPTION, REAL ESTATE TAX
Code sections: 19-1301 - Real Estate Taxes
Attachments: 1. CertifiedCopy18016600.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/20/20180 MAYOR SIGNED   Action details Not available
6/7/20180 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
5/24/20180 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
5/24/20180 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
5/24/20180 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
5/23/20180 Committee of the Whole HEARING NOTICES SENT   Action details Not available
5/23/20180 Committee of the Whole HEARING HELD   Action details Not available
5/23/20180 Committee of the Whole REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
5/16/20180 Committee of the Whole HEARING NOTICES SENT   Action details Not available
5/16/20180 Committee of the Whole HEARING HELD   Action details Not available
5/16/20180 Committee of the Whole RECESSED   Action details Not available
5/9/20180 Committee of the Whole HEARING NOTICES SENT   Action details Not available
5/9/20180 Committee of the Whole HEARING HELD   Action details Not available
5/9/20180 Committee of the Whole RECESSED   Action details Not available
5/8/20180 Committee of the Whole HEARING NOTICES SENT   Action details Not available
5/8/20180 Committee of the Whole HEARING HELD   Action details Not available
5/8/20180 Committee of the Whole RECESSED   Action details Not available
3/1/20180 CITY COUNCIL Introduced and ReferredPass  Action details Not available

Title

Amending Section 19-1301.1 of The Philadelphia Code, entitled “Homestead Exclusion,” to increase the amount of the homestead exclusion, under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1.  Section 19-1301.1 of The Philadelphia Code is hereby amended to read as follows:

 

§ 19-1301.1.  Homestead Exclusion

 

                     (2)                     Commencing in tax year 2014, through and including tax year 2018, a homestead exclusion is hereby provided in the lesser amount of (A) thirty thousand dollars ($30,000) multiplied by the established predetermined ratio; or (B) fifty percent (50%) of the median assessed value of properties granted a homestead exemption, as certified by the OPA by no later than November 15 of the year prior to the tax year.

 

                     (2.1)                      Commencing in tax year 2019, and continuing thereafter, a homestead exclusion is hereby provided in the amount of forty thousand dollars ($40,000).

 

                     *     *     *

 

 

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Explanation:

 

Italics indicate new matter added.