Property Taxes in Philadelphia
Philadelphia's effective property tax rate runs approximately 1.13% -- close to, and per one source's own cited comparison, slightly above the roughly 1.02% national median -- on a nominal combined City + School District rate of 1.3998% applied to an assessment intended to approximate 100% of market value, with a real, disclosed range in annual tax bills from approximately $807 to $8,278 depending on the specific ZIP code.
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Learn morePhiladelphia Assesses Property at (Approximately) 100% of Market Value
Philadelphia's property tax system is intended to assess a property at approximately 100% of its market value, then applies the combined nominal rate to that assessed value -- a genuinely different mechanic from states such as Ohio that assess at only a fraction (e.g., 35%) of market value. Buyers should understand this before comparing a Philadelphia-area tax bill to one in another state built elsewhere in this project.
The Nominal Rate Combines a City Portion and a School District Portion
For the 2025 tax year, Philadelphia's nominal combined real estate tax rate ran 1.3998% of assessed value: 0.6159% (City) + 0.7839% (School District). The effective rate -- what a property actually pays relative to its true market value, accounting for assessment practices -- ran approximately 1.13% per one 2026 aggregator, genuinely close to, and slightly above, the roughly 1.02% national median cited by that same source.
The Actual Bill Varies Substantially by ZIP Code
Philadelphia's real, disclosed property-tax-bill range runs from approximately $807 in ZIP 19132 to approximately $8,278 in ZIP 19118 (Chestnut Hill) -- reflecting genuinely large differences in assessed home values across the city's neighborhoods rather than different tax RATES per se. Buyers should confirm the actual current assessment and resulting tax bill for a specific target address directly with the Office of Property Assessment.
The Homestead Exemption and Other Real, Available Relief Programs
Philadelphia offers a Homestead Exemption and other real property-tax relief programs for owner-occupants, which can meaningfully reduce a property's taxable assessed value. This pass did not independently confirm the full, current, specific eligibility mechanics and dollar value of every relief program this session -- confirm current details directly with the City of Philadelphia's Department of Revenue or Office of Property Assessment.
Confirm the Actual Bill for a Specific Property Directly
Given the real, disclosed spread in both effective rate (across sources) and actual bill (across ZIP codes), confirm the actual current property tax bill for a specific Philadelphia property directly with the Office of Property Assessment rather than relying on any single citywide percentage figure in this file.
Key takeaways
- Philadelphia assesses property at approximately 100% of market value -- a genuinely different mechanic from states (like Ohio) that assess at only a fraction of market value.
- The nominal combined rate ran 1.3998% for 2025 (0.6159% City + 0.7839% School District); the effective rate ran approximately 1.13%, slightly above the ~1.02% national median cited by the same source.
- The actual bill varies substantially by ZIP code (a real, disclosed range from ~$807 to ~$8,278 annually), reflecting differences in assessed value across neighborhoods.
- Philadelphia offers a Homestead Exemption and other real relief programs for owner-occupants -- confirm current, specific eligibility mechanics directly with the Department of Revenue or Office of Property Assessment.
- Confirm the actual current property tax bill for a specific Philadelphia property directly with the Office of Property Assessment, given the real, disclosed spread by ZIP code.
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