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City Of Philadelphia Selected As A Promise Zone Designee

The City of Philadelphia was one of three cities and a total of five areas selected for a Promise Zone designation, a federal initiative to accelerate revitalization efforts in targeted areas.  The...

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Philadelphia And PIDC Launch Phase Two Of School Building Sales

PIDC will manage the sales process for 20 schools identified by the School District of Philadelphia for re-use. Mayor Michael A. Nutter and Superintendent Dr. William Hite announced today that PIDC, on...

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Property Assessment Accepts Applications For the Homestead Exemption

The City of Philadelphia announced that the Office of Property Assessment will accept applications for the Homestead Exemption after the September 13th deadline through December 1st. “To ensure that...

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Ciity Of Philadelphia Mailed Property Tax Reassessment Notices Foe 131,000...

The City of Philadelphia’s Office of Property Assessment (OPA) mailed approximately 131,000 property reassessment notices for Tax Year 2016 to Philadelphia property owners. Almost 126,000 notices are a...

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White Bill to Aid Cooperatives and Condos Passes House

The House has passed legislation sponsored by Rep. Martina White (R-Philadelphia) to help those living in condominiums and cooperative associations.  It now moves to the Senate. “My legislation, House...

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City Of Philadelphia To Hold Second Tax Lien Sale

Department of Revenue expects successful repeat of summer pilot program The City of Philadelphia announced that the Department of Revenue will hold a second internet-based real estate tax lien sale...

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US Targets Money Laundering in All-cash Home Sales in Miami, Manhattan

Reuters The United States is going after international criminals who use real estate to launder money by ordering title insurance companies to report the identities of people making all-cash purchases...

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Philadelphia Land Bank Board Approves 2017 Strategic Plan

The Philadelphia Land Bank Board has approved the Land Bank’s 2017 Strategic Plan. The 2017 Strategic Plan will be submitted to City Council this week for its consideration.  The Strategic Plan...

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Flipping Houses — It’s Not Like TV

By Nathaniel Sillin Flipping a house can seem like a walk in the park when it’s wrapped into a few montages during a half-hour TV segment. Find run-down property. Buy it. Take out a few walls, paint,...

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Philadelphia: Progress on Boosting Collections and Curbing Tax Delinquency.

Department of Revenue announced several milestones in its effort to boost collections and curb tax delinquency in Philadelphia. Among the key signs of progress are that collections for the General Fund...

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