What to Know Ahead of Philly’s Property Reassessments This Spring
Property reassessments for the majority of Philadelphia homeowners are back after a two-year hiatus, during which home values have spiked.
What to watch: Peter Kelsen, an attorney for Blank Rome who has litigated real estate issues in the city for decades, was watching how the city assesses hotels, office buildings and certain residential properties that have suffered during the pandemic.
- "Those sectors have been smashed, and they ain't coming back so fast," he said.
As for when residents can expect to receive their new assessments, that remains up in the air.
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"What to Know Ahead of Philly’s Property Reassessments This Spring," by Mike D'Onofrio was published in Axios Philadelphia on February 24, 2022.