Philadelphia Use & Occupancy Tax Rate Change Effective July 1, 2015


Philadelphia has just increased its Use and Occupancy Tax as of July 1, 2015. The new Use & Occupancy Tax rate will be 1.21%. This is an increase from the prior rate of 1.13%.

This new rate will be effective with the July 2015 Use & Occupancy tax Return that is due July 27, 2015.  Remember that as of January 2015, all U&O tax returns must be filed and paid on-line through the Philadelphia Department of Revenue website.  So when filing in July, 2015 be aware of this increased tax rate and resulting tax increase.

Assessment Exemption: Also, beginning July 1, 2015,  the assessment exemption will be reduced to $165,300 from the prior exemption of $177,000 that had been in place since July, 2013.  It is important to understand that with the new tax rate and the new reduced assessed value for Use & Occupancy Tax, this is merely a mathematical adjustment as the annual Use & Occupancy Tax exemption will remain at $2,000 ($167 per month).

The discount for landlords remains at one percent (1%).

Please call our office if you need assistance.

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From their offices in Philadelphia, PA, the law firm of Steven J. Fromm & Associates, P.C. provides a full range of estate planning, probate and estate administration, tax, business and corporate legal services to clients throughout eastern Pennsylvania and the Delaware Valley, the Lehigh Valley Area, the Five-County Area, Bucks County, Delaware County, Montgomery County, Chester County, Philadelphia County, Berks County, Lehigh County, Lancaster County, York County, Harrisburg, Norristown, Doylestown, Media, West Chester, Allentown, Lancaster, and Reading.