What Philly Small Business Owners Need to Know About the BIRT Tax
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BIRT filings and payments will begin by April 2026.
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The city will treat these landlords as “new businesses,” allowing some relief with phased payments and quarterly installments starting in 2027.
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Free tax assistance and accountant matching will be available for landlords with under $250,000 in annual revenue.
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Landlords can offset losses from 2022–2024 against 2025 taxable income.
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Tax rates will gradually decrease, with significant reductions planned by 2039.
While the city is providing support to ease the transition, the removal of the exclusion means additional tax obligations and administrative responsibilities for many small landlords. This change is likely to increase costs and reduce profits for those with smaller portfolios.
Penn’s Housing Initiative Takes on Philadelphia’s Affordable Housing Crisis
The Housing Initiative at Penn is using research and policy analysis to help preserve over 900 subsidized rental units in West and Southwest Philadelphia and protect more than 3,000 tenants from displacement.
Philly Real Estate Defies National Trends
While home listings are down across the U.S., the Philadelphia region is holding strong. New listings rose in June — up 0.4% in Philly and Delaware Counties, and 3.4% in Montgomery, Chester, and Bucks. As national markets slow, Philly’s relative affordability and steady demand are keeping sellers in the driver’s seat.
Comcast & 76ers Invest $56M to Revive East Market Street
Comcast and the 76ers' ownership group have purchased over 112,000 square feet of East Market properties for $56 million, signaling ongoing commitment to Center City’s revival.
Pet-Friendly Rentals Rent Faster — Zillow Insights for Philly Landlords
According to Zillow, pet-friendly listings rent approximately eight days faster nationwide and about four days faster in the Philadelphia area, giving landlords a strategic edge as rising renter pet ownership shifts preferences.