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Kensington’s Tax Spike and Relief Efforts | Philadelphia News
Kensington’s property values surged the most this year, threatening higher taxes for longtime homeowners as gentrification pressures ripple into historically working-class neighborhoods. While citywide assessments rose 3% over two years, bordering wealthier areas saw steeper jumps. Officials note that 60% of residents in five targeted neighborhoods already benefit from the homestead exemption — slashing taxable value by $100K — and are ramping up outreach to expand access. New assessments kick in January, with taxes due March. Homeowners with concerns have until October 5th to appeal. The…
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