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But not everyone agrees that the new formula is consistent. The real estate tax rate (8. 264% today) is set by city council and the mayor and applied to the value of properties, but the city board of revision of taxes (brt) assesses properties each year to determine the market value for each property what the property would sell for on the open market. Philadelphia's board of revision of taxes (brt) is now on record as beginning the process of slogging through data to overhaul the city's property tax system.
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In a schrdingers cat situation for tax year 2025 property values, all signs point to reasons to file your appeal with the brt now. In the calendar year 2023, the brt resolved over 7,040 appeals averaging 585 units per month. Between january and march 2024, the brt rendered decisions on 1,900 market value appeals, averaging 490 per month. Find valuations, physical details, trash and recycling days, and school information for properties within the city of philadelphia.
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The board of revision of taxes (brt) hears property assessment appeals. Some readers want to know: What does the board of revision of taxes have to do with philadelphias new property assessments? Wasnt it done away with? The brt lives, despite mayor michael nutters attempts to kill it, and will play an important in the actual value initiative transition.
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