Video instructions and help with filling out and completing Can Form 843 Credits

Instructions and Help about Can Form 843 Credits

Like many other Philadelphians you recently received or will receive your 2014 property assessment notice from the OPA the office of property assessment during the past year almost 600,000 properties in Philadelphia residential commercial and industrial were evaluated to reflect the current fair market value as compared with similar properties in the city your notice shows the estimated actual market value of your property for the 2014 tax year as determined by OPA assessment professionals you'll find this number toward the top of your notice just below your name and address the value is an estimate of what the property would sell for today if you think that this new value is incorrect you can appeal your assessment and you'll be glad to know that the city has made the appeal process much easier than it has been in the past for the first time OPA will offer first level review an evaluator will reconsider your value based on the information you provide without the need for an in-person hearing you simply fill out the first level review form that came with your notice and be sure to mail it in no later than March 31st 2013 if you need a new form you can download one at this website but before you do anything you should be sure that you have a valid reason to appeal there are three valid reasons for appeal one incorrect market value if you believe the market value is substantially higher or lower than what you think the property would sell for two non-uniformity if you believe the assessed value is out of line from other properties that are otherwise similar to yours and three an incorrect abatement or exemption if you believe that the portion of the value that is listed as taxable is incorrect if you think that any of these reasons apply you will have to support your claim remember you are challenging whether the value assigned to the property is correct not the amount of taxes you will pay you will need to provide your own estimate of the correct assessed value and you can include additional evidence such as property appraisals and photos of your property that back up your argument for revising the property value if you're a commercial property owner you will also need to provide income and expense information templates for those are available on the OPA website after all first level review requests of the five young PA will review each one this process will continue through the spring and early summer as part of your review we may ask speak to you by phone or in person and to inspect your property when the review is complete OPA may increase the value of the property decrease it or leave it unchanged and will notify you of the decision if you disagree with the decision you can file formal second-level appeal to the Board of revision of taxes for molecules are due by the first monday in october if you are not satisfied with the outcome of this second level you can then take your case to a third and final level by filing an appeal with the Court of Common Pleas remember you are appealing your new property values not your new taxes your 2014 tax bill will be based on a new tax rate to be determined by the mayor and city council by May 31st of this year in the budget process if you have any questions about the first level review or need copies of the forest file please feel free to call us at 215 686 9200 or visit the website you see on the screen