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Why Lower-Income Philadelphians Pay more Property Taxes than Other Cities City of Philadelphia skyline Philadelphia’s poverty rate consistently ranks as one of the highest in the country for major cities. Pew research has also found that Philadelphia has one of the highest tax burdens for lower income households for a major city. Right off the bat, this seems counter productive. If Philadelphians are already dealing with such high levels of poverty, why is the city insistent on taxing lower income households?
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If you live in Philadelphia, you have most likely heard about SEPTA, the Southeast Pennsylvania Transit Authority’s, well known funding crisis. Due to significant lack of funds, SEPTA has been forced to reduce service, with the first round of reductions taking place last week, more cuts loom in the distant future, while current cuts planned for September 1st, and 2nd, have been halted by a Philadelphia judge. These cuts not only impact service, but deeply impact the pocketbooks of the average SEPTA rider.
Mayor Parker speaking at the NeighborhoodLIFT launch A new $15,000 home buyer grant has launched! Real estate publications have labeled Philadelphia’s housing market as HOT. But realistically, what does that mean for renters and prospective buyers?
Jasmine purchased her home after completing housing counseling. AHCOPA Housing Counselors are advocates for homeowners at every stage of homeownership. Our counselors are experts who will guide you through your home purchase journey. Your counselor will help you navigate the pre-purchase and purchase phases, access grants, and establish a realistic budget. Whether you are 2 months away from buying a home or 2 years away, we assist by providing free financial counseling to empower you to make informed decisions. |
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