Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
At our most recent property purchase there was no separate line item on the HUD sheet for school tax, which leads one to believe that it is incorporated into the property tax.
According to the website, Committee of Seventy http://(www.seventy.org that tracks local and federal government actions), this is what they post on Philadelphia property taxes:
Where do property tax dollars go?
Philadelphia has traditionally split property tax revenues 40/60 with the School District: 40% goes to the cityâ€™s operating budget and 60% to the public schools.
Finally, if you have any investment properties that are titled in an LLC (not your name personally) and need to refi, let us know, as that is what we assist real estate investors with. While the rate may be a little more than 3.87%, (closer to 5%) the mortgage typically will not appear on your personal credit report and not effect a FICO score (unless of course you do not pay it).