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Old 04-14-2014, 11:45 AM
 
1 posts, read 853 times
Reputation: 10

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Hello,
I bought a propriety in philadelphia in sept of 2013. It was than assessed at 22,000.00.
the city has reassessed the propriety at 794,000.00 which makes the real estate tax 5 times
higher the the previous year. the average reassessment in the kensington neighborhood is about
5 to 6 time higher than the previous year. In my case, it is 35 times higher than 2013.
I spoke to the assessment office and the only ting I got was, there is nothing you can do for 2014
and to file an appeal for 2015.

HELP, has anyone dealt with a similar problem?

Thank You
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Old 04-14-2014, 12:04 PM
 
Location: Mount Laurel
4,177 posts, read 9,644,098 times
Reputation: 3486
Quote:
Originally Posted by jpaolob View Post
Hello,
I bought a propriety in philadelphia in sept of 2013. It was than assessed at 22,000.00.
the city has reassessed the propriety at 794,000.00 which makes the real estate tax 5 times
higher the the previous year. the average reassessment in the kensington neighborhood is about
5 to 6 time higher than the previous year. In my case, it is 35 times higher than 2013.
I spoke to the assessment office and the only ting I got was, there is nothing you can do for 2014
and to file an appeal for 2015.

HELP, has anyone dealt with a similar problem?

Thank You
Yes.. You can file an appeal but nothing will happen this year. You are still going to pay what's assessed for 2014. I purchased a property a few years ago. During purchase contract, I called BRT and told them that the assessed value was too high. They called me and ask me who I was since I am not the owner. I told them that I am purchasing it. About 6 months after I purchased the property, they sent me a letter that they did low my value but it would not go into affect until the next tax year.

Bottom line, you can file a dispute but it will take some time.
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