The Use and Occupancy Tax Rate for the City of Philadelphia has been increased to five dollars and fifty-one cents ($5.51) per one hundred ($100) dollars of the assessed value of the real estate as returned by the Office of Property Assessment of the City of Philadelphia. The prior rate was four dollars and sixty-two cents ($4.62) per one hundred ($100) dollars. The rate change is found in Bill No. 120173-A, which was passed by the City Council on June 21, 2012, and signed by the Mayor on June 27, 2012.
Please note that tax returns containing the old tax rate were mailed prior to the approval of Bill No. 120173-A. The City of Philadelphia has sent out revised tax returns containing the new tax rate. These returns must be used when filing. These forms were sent out by the City of Philadelphia this week and should be received by property owners prior to the due date of July 25, 2012.
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