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Philadelphia property values have risen over 20% in last 2 years, city officials say

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PHILADELPHIA - After a two-year delay, city leaders on Monday shared new reassessment values for all properties in Philadelphia that left some residents concerned.

Philadelphia's Office of Property Assessment estimated that the value of Philadelphia properties have risen by 21% since the 2020 tax year.

It Philadelphia's first widespread property reassessment since the coronavirus pandemic gripped the city. One Philadelphia resident whose parents purchased their home on Wilt Street over 30 years ago described the changes his neighborhood has gone through.

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