If your check is returned unpaid for insufficient or uncollected funds, (1) you authorize eCollect, LLC to make a one-time electronic funds transfer from your account to collect a fee of $20; and (2) eCollect, LLC may re-present your check electronically to your depository institution for payment. [-]
Assistance Programs Requirements
The Department of Revenue understand that circumstances can prevent residents from being able to pay their Real Estate and/or Water bills. Help is available through a variety of assistance programs for senior citizens, rental tenants, low-income households, owner-occupied residences and others.[-]
Longtime Owner Occupants Program (LOOP)
Homeowners with substantial changes in their property assessment may qualify for a discount of their Real Estate Tax bill with the Longtime Owner Occupants Program (LOOP). There are income and other requirements to participate in the program. Apply on-line at www.phila.gov/LOOP
by February 17, 2014 for this discount.
Tax Rate Changes
Effective January 1, 2014 the monthly interest rate is .416% and the penalty rate 1.25% for all taxes except Liquor and Real Estate.
The following tax rate changes became effective as of January 1, 2014:
Business Income & Receipts decreased to 6.43%
Net Profits decreases to 3.92% (resident); 3.4915 % (non-resident)
Real Estate decreased to .6018% (City) + .7382 (School) = 1.34%
School Income decreases to 3.92%
The following tax rate changes will become effective as of July 1, 2014:
Earnings decreases to 3.92% (resident); 3.4915 % (non-resident)
Wage decreases to 3.92% (resident); 3.4915 % (non-resident)
Owner-Occupied Real Estate Payment Agreement
The Owner-Occupied Real Estate Payment Agreement allows homeowners to make monthly payment on their past due Real Estate taxes. Monthly payments are calculated using a four-tier system based on household income and family size.Owner-Occupied Real Estate Payment Agreement Application Packet
Using a family of four as an example:
Tier 1: Monthly income is $4,622 and up.
Tier 2: Monthly income is $3,301 - $4,621. These households must pay 10% of their monthly household income. They are entitled to a waiver of 100% of the penalties that have accrued.
Tier 3: Monthly income is $1,981 - $3,300. These must pay 8% of their monthly household income. They are entitled to a waiver of 50% of the interest and 100% of the penalties that have accrued.
Tier 4: Monthly income is $0 - $1,980. These households must pay 5% of their monthly income but no less than $25 per month. They are entitled to a waiver of 100% of the interest and 100% of the penalties that have accrued.