The Charm (and Challenge) of Philadelphia’s Historic Homes
Philadelphia’s historic homes tell the city’s story—from cobblestone colonial rowhouses in Old City to Victorian twins in Germantown. But while their character is timeless, understanding tax incentives, permits, and maintenance costs is essential before you buy.
As a top Philadelphia Realtor specializing in historic properties, Shaina McAndrews helps clients balance beauty and practicality
Understanding Philly’s Tax Abatement Program (2025 Update)
Philadelphia’s Tax Abatement Program allows owners of newly constructed or substantially improved homes to pay zero property tax on the added value for up to 10 years.
Example: If you renovate a $300K home and add $200K in improvements, the $200K increase is tax-free for a decade.
Recent updates:
Applies to qualifying improvements or new builds.
Must apply within 60 days of permit issuance.
Available for residential and mixed-use properties.
Historic Property Designation & Renovation
If your property is listed on the Philadelphia Register of Historic Places, you’ll need approval from the Philadelphia Historical Commission for exterior work. But don’t worry—this also opens the door to federal historic tax credits worth up to 20% of rehab costs.
Why Work with The Shaina McAndrews Team
Our team coordinates with architects, contractors, and tax professionals familiar with preservation rules. We’ll help you evaluate the home’s structure, navigate L&I, and estimate post-renovation value so your investment pays off long-term.
“Shaina helped us find a Queen Village home that qualified for a partial abatement. We saved thousands.” — Buyer Review, 2025
Thinking of Restoring History?
Let’s explore your options for historic homes in Philadelphia.
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