CITY COUNCILMANIC ORDINANCE 1456-A, AS AMENDED 3 SECTION 19-1303 (4) OF THE PHILADELPHIA CODE

PURPOSE: TO OFFER AN ABATEMENT FROM REAL ESTATE TAXES ON NEW CONSTRUCTION OF RESIDENTIAL PROPERTIES.

2. THE APPLICATION MUST BE SUBMITTED TO THE BOARD OF REVISION OF TAXES NO LATER THAN SIXTY (60) DAYS FROM THE DATE ON WHICH THE BUILDING PERMIT IS ISSUED BY THE DEPARTMENT OF LICENSES AND INSPECTIONS TO CONSTRUCT THE IMPROVEMENT.

3. AN ELIGIBLE DWELLING UNIT IS ONE LOCATED IN A SINGLE HOUSE, DUPLEX, TRIPLEX, TOWNHOUSE, ROW HOUSE, APARTMENT BUILDING, CONDOMINIUM UNIT OR COOPERATIVE UNIT.

4. THE TAX ABATEMENT WILL BE LIMITED TO THE TOTAL PORTION OF THE ASSESSED VALUATION ATTRIBUTABLE TO THE IMPROVEMENT.

5. THE ABATEMENT TERM IS FOR TEN YEARS COMMENCING ON THE FIRST DAY OF THE MONTH FOLLOWING THE CONVEYANCE OF THE REAL ESTATE TO THE QUALIFIED OWNER.

6. IN NO EVENT SHALL AN ABATEMENT BE GRANTED TO A DWELLING UNIT THAT HAS RECEIVED IN WHOLE OR IN PART ANY OTHER ABATEMENT AS PROVIDED BY CHAPTER 19-1303, ET. SEQ. OF THE PHILADELPHIA CODE.

5. THE OWNER OF THE EXEMPTED REAL ESTATE MUST REMAIN IN COMPLIANCE WITH COUNCILMANIC ORDINANCE 1202 (SECTION 19-1303(4)F(3) THE PHILADELPHIA CODE) RELATING TO DELINQUENCIES.

Section 19-1303(4) (F), reads: At the time a building permit for residential construction is applied for, the Department of Licenses and Inspections shall notify the applicant by printed notice of the possibility of an abatement under this ordinance. Within sixty (60) days of the date of the building permit issued, the applicant shall apply to the Board of Revision of Taxes for an abatement. The application shall be upon forms prescribed by the Board of Revision of Taxes and must be filed within the specified time period.

For more information, or to apply for any Tax Abatement Program, contact the BRT by E-Mail,
or call at (215) 686-9270.