The Use & Occupancy Tax: Applying the Proper Assessed Value

In order to challenge your U&O tax, you must challenge the assessed value of property as determined by the Philadelphia Office of Property Assessment ("OPA").  The assessed value used for this calculation is "the assessed value of the real estate as most recently returned by the Office of Property Assessment prior to the start of the Tax Year," which is "July first of any calendar year through June 30 of the following calendar year." This presents a problem. 

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