Daily News | Philly renters should probably expect new leases to include higher rent to account for new tax assessments
City Council is backing a new relief package to soften the impact of rising property assessments
“Landlords aren’t required to eat that cost,” Morris said, “but healthy relationships go a long way.” He said the city should offer property tax breaks to small landlords. Rental property owners who can’t or don’t want to pass increased costs onto low-income tenants may start renting to market-rate renters or
Tenants in market-rate housing and who can afford to pay more “are going to be hit with some pretty hefty increases, I’m sure,” Wertman said.
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