Apply for tax relief in Philadelphia
PHILADELPHIA - June 1, 2012 (WPVI) -- Residents in the city of Philadelphia can now apply for some tax relief... But it comes with some conditions.
Starting today, homeowners in the city can apply for what's called a "Homestead Exemption."
In theory, it allows you to reduce a certain amount of your home's taxable assessment. But, Philadelphia City Council has not yet approved the new assessment rate, and the state has not yet approved the exemption.
Philadelphia Mayor Michael Nutter says he's hopeful both bodies will act in the coming days and weeks.
6at4, stock market, economy, philadelphia, taxes, business/finance
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