September 15, 2023 BY JEFF CITY BLOCK

Appeal Your Property Taxes, Current and Featured Listings. If you’d like to discuss real estate or anything in this newsletter, please send me an email: [email protected]. This edition of Around the Block was originally published on Friday, 9/8/23.

9/8/23

Relevant Commentary, all information Philly (real estate and otherwise), Open Houses, Listings, Happenings, and More — by Jeff “City” Block

Appeal your property taxes?

Hey, Philly Property Owners (and everyone else, but this week’s lead piece specifically applies to Philly property owners)—

As I discussed in detail on August 18th, the City of Philadelphia has finally released their 2024 tax assessments. The tax assessments did not change from 2023, when the city hit many property owners with draconian increases. Even though your assessment did not change from 2023 to 2024, you may still think your assessment is too high or perhaps you are just unsure. One of the questions I am asked most from clients, neighbors, and ATB readers is “Should I appeal my property tax assessment, and if so, what is the easiest and least expensive way to do it?” If you want to know if your assessment is too high, and are deciding whether an appeal is worthwhile, note that the appeal filing deadline is October 2, 2024.

The great news there is still time to figure all this out and file an appeal if warranted. It is easy. Just keep reading…

I have always had solid contacts for appraisers and attorneys who can handle the Philly tax appeal process and have recommended them in the past. But now there is a more streamlined, less expensive approach. Incenter Tax Solutions is a company that specializes in property tax appeals, and they make the process affordable and simple.

Incenter will provide a free professional review of your current assessment and advise whether your property taxes are properly assessed. If they are, you are good for 2024. Nothing to do. If Incenter determines your assessment is high, then they can handle the appeal. Incenter handles all appeals on a contingency basis. So, no cost to you unless Incenter wins the appeal. If they do win (and they state their win rate is 94%), then their fee is 50% of your tax savings for the first year. All subsequent years’ savings stay 100% with the property owner. So that is it. No risk. No work. Nothing to do but see if they Incenter can lower your 2024 property taxes. Also, once you engage Incenter, they will automatically check your assessment in future years and let you know if they are high, and an appeal would be worthwhile.

Please know that I have no affiliation with Incenter (nor does the City Block Team or Compass), and I get nothing from your use of their services. Okay, actually I get one thing. The opportunity to help clients and ATB readers save some money on their real estate taxes or at least have confidence that their assessment is good, and they are not missing that opportunity. Basically, the chance to provide value, which is always my goal as a Realtor. By the way, I did try Incenter for my home. My assessment was fair, so no appeal.

Two options if you want Incenter to evaluate your 2024 tax assessment–You can email me directly with your contact information, and I will forward it to Incenter on your behalf. I am set up to easily do this. Or you can go to Incenter’s web site and submit your information yourself. Either way you can go to their website to check out their exact procedures and fees and any other information. Finally, if anyone has any specific questions for me, or prefers the appraiser/attorney approach, please just reach out, and I can help with that as well.

I hope you have a great weekend.

Finally, let’s go Birds!! Hopefully the Eagles are 2-0 when I write next week’s ATB.

Warm regards,

Jeff

Spotlight Property

Queen Village

217 Carpenter Street

4 BD | 3 BA | 2518 SF | $745,000

Are you looking for the beautiful character of a historic Philadelphia home? Or perhaps a recently renovated and tastefully restored Philadelphia townhome in impeccable condition? 217 Carpenter offers all of this and so much more.

Located on one of the city’s prettiest, quiet tree-lined blocks in Queen Village, this home offers high ceilings, original random-width pine floors, original character, and brilliant south-facing light. It goes street to street with windows along three exposures. There are two spacious, private outdoor areas, both set up to provide maximum use and enjoyment. A perfect layout with an ideal first-floor plan that includes a wonderful kitchen and dining area and a capacious living room. Large rooms and superb storage space throughout. Nooks and crannies are ideally meshed with a perfectly practical layout. 4 bedrooms and 3 pristine baths. Custom wood blinds, ceiling fans, and multi-zone HVAC. Solid doors and quality fixtures throughout. A desirable and convenient neighborhood with a 94 WalkScore. If you are looking for all these things, and more, then 217 Carpenter is the home for you. Enjoy! Note — Home is designated on the Philadelphia Register of Historic Places.

View full listing here

Featured Listings

University City

415 S 47th St

5BD 4BA 4160SF $1,650,000

University City

247-251 S 44th Street

3 Contiguous Properties

Zoned for 12 Units

0BD 0BA 6726SF $1,525,000

Mount Airy

7111 Germantown Ave Unit 403

3BD 3 BA 1775SF $795,000

Queen Village

217 Carpenter St

4BD 3BA 2518SF $745,000

University City

4721 Chester Avenue

6BD 4BA 6623SF $1,300,000

COMING SOON

Penn-Knox/ West Germantown

154 W Price Street

4BD 4BA 2400SF $750,000

Northern Liberties

904 New Market Street

3BD 3BA 2025SF $625,000

University City

520-22 N 32nd Street

5BD 2BA 1491SF $599,000

Midtown Village

105 S 12th Street, Unit 201

1BD 2BA 1333SF $595,00

University City

5028 Osage Avenue

4BD 2BA 2550SF $575,000

Mount Airy

7111 Germantown Avenue, Unit 102

3BD 2BA 1670SF $525,000

University City

247 S 44th Street

2242SF $500,000

Cobbs Creek

5810 Rodman Street

3BD 2BA 990SF $225,000

West Kensington

2545 N 6th Street

3BD 1BA 1305SF $195,000

Know Someone Looking to Buy or Sell?

As always, please know that I’m humbled by and appreciate your introductions and referrals. If you have a friend, colleague, or family member who is in need of Expert Real Estate Representation, please have them contact me.

Be assured I will do my best to exceed their expectations! Thanks for taking the time to read this issue of Around the Block.

Office: 267-435-8015

Compass RE is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, cndition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

Some imagery in this e-newsletter was sourced via visitphilly.com and Canva.

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Around the Block: 9/8/23

9/8/23

Spotlight Property

217 Carpenter Street

Featured Listings

Know Someone Looking to Buy or Sell?

Moving? Discover the value of your home.