LOOP Application Deadline Extended to February 18

Date: 
February 12, 2014

 

The City of Philadelphia will accept applications for the Longtime Owners Occupants Program (LOOP) through Tuesday, February 18. LOOP is a new real estate tax relief program for Philadelphia homeowners. Eligible homeowners will have their tax bill reduced for 10 years with a one-time application.

Eligibility requirements for PHL Tax LOOP are as follows:

  • The Tax Year 2014 market value of the property minus the $30,000 Homestead Exemption is triple the Tax Year 2013 property value;
  • The property must be either a single-family dwelling or a multi-unit property with up to three residential units and one commercial unit;
  • The property must be the primary residence of the owner since  at least July 1, 2003;
  • The property does not currently have or has never received a tax abatement;
  • The real estate taxes for the property must be up-to-date; the owner must be current on an existing payment agreement or the owner must have applied to enter into a payment agreement; and
  • The homeowner meets income requirements based on household size.

Applications should be mailed to the PO Box listed on the application or  will be accepted in drop boxes located in the Municipal Services Building Concourse at 1401 John F. Kennedy Blvd and at the 2 mini-City Halls (North - 22nd & Somerset Streets, Northeast - 9239 Roosevelt Blvd, Rear). Hours are Monday-Friday 8:30 am to 5 pm. All applications must be received by February 18, 2014.

For eligibility requirements and the LOOP application, please click here. For more information, visit www.phila.gov/LOOP or call 215-686-9200.