ANSWER
Philadelphia real estate tax is 1.3998% for tax years 2025–2029, split between a 0.62% City rate and a 0.78% School District rate. The bill depends on the property’s assessed value and any relief programs you qualify for.
YOUR NEXT DECISION
Turn the answer into your next step
- Look up the property’s assessed value on property.phila.gov.
- Multiply the taxable assessed value by 1.3998% for a rough estimate.
- Check Homestead, LOOP, and payment-plan eligibility.
- If the assessment seems off, use the City appeal process by the posted deadline.
HELP WITH YOUR NEXT STEP
Comparing homes and property taxes?
A local housing professional can help compare homes near Drexel University and locate their property-tax histories. Confirm the tax treatment with the appraisal district or your tax adviser.
Compare homesWhat the property tax looks like
Around Drexel University, the controlling residential property tax is Philadelphia Real Estate Tax. For tax years 2025–2029, the total rate is 1.3998%, made up of 0.62% City tax and 0.78% School District tax.
- Source-backed rates are from the City of Philadelphia Department of Revenue.
- The total bill is not just the rate; it also depends on the property’s assessed value.
How your bill changes
The Office of Property Assessment sets the property’s assessed value, and that value is what the tax is calculated on. The City says property owners can estimate a 2027 bill by multiplying taxable assessed value by 1.3998%.
- Assessment changes can raise or lower the bill even if the tax rate stays the same.
- For 2027, the City says property owners should check the updated value online at property.phila.gov.
Ways homeowners can lower or manage the bill
Philadelphia says homeowners who live in their home may qualify for relief programs such as Homestead Exemption, LOOP, the Senior Citizen Tax Freeze, the Low-Income Tax Freeze, or an installment plan. Homestead is available to all homeowners, while other programs have eligibility rules.
- LOOP may help longtime owner-occupants limit future assessment increases if they meet the income and ownership rules.
- The City also offers payment plans, including an owner-occupied payment agreement for past-due taxes.
What to check next
Use the Philadelphia Tax Center or property.phila.gov to look up the property’s assessed value, check whether Homestead or LOOP applies, and see the current bill estimate. If the assessment looks wrong, the City says homeowners can request a First Level Review or file a formal appeal.
- The 2027 First Level Review deadline is September 1, 2026, and the formal appeal deadline is October 5, 2026.
- Property tax bills are due March 31 each year.
Sources
- Tax Rate History | Department of Revenue | City of Philadelphia ↗
- Learn how to lower your property tax bill ahead of the 2027 valuations | Department of Revenue | City of Philadelphia ↗
- City of Philadelphia to Mail 2027 Property Assessments and Launch Expanded Outreach to Connect Homeowners to Tax Relief | Department of Revenue | City of Philadelphia ↗
- Limit future tax increases with LOOP | Department of Revenue | City of Philadelphia ↗
- Pay your property taxes online—no username or password needed | Department of Revenue | City of Philadelphia ↗
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