2026 taxable assessment $235,400 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $2,700,000; it is not the 2026 billed-year value.
House report
500-06 Walnut St
3 bd · 3 ba · 1 story · 2,700 sqft · CMX4 · built 2017
Individual, other or unknown mailing address · assessed $2.9M (2026) · 2027 OPA assessment $2.7M. On the 500 block of Walnut St.
BlockReport AI · cited public records
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Property summary
Assessment$2,944,3002026 OPA assessment · 2027: $2,700,000
Last sale$3.3MRecorded 2019
Est. tax bill$3,295/year2026 taxable assessment · full-value scenario $41,214/year · basis and term unverified
Tax delinquencyNo 2022 matchNot proof account is current
Permits6Every fetched City permit
Violations0 openNo historical match in fetched records
“Open” reflects records available then historical records keep their source dates estimates are labeled
Question or correct this record
BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:
Property tax
The estimate, live balance, and back-tax record are different.
BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.
A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”
OPA 8885012082026 OPA taxes $235,400 of $2,944,300 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.
See the assessment math →Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.
See the assessment math →Historical delinquency sources No current conclusion
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”
What stands out
From the public recordPermit on record
Record summaryPlumbing permit recorded in 2019.
View supporting records →What to do with this
The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.
If you’re buying
Verify the current tax bill and exemption
The 2026 taxable assessment implies about $3,295/yr, while applying the same rate to the full assessment would imply about $41,214/yr — $37,919/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.
If you’re the landlord
If it is rented, verify the Rental License
The fetched license records do not show an active Rental License. Ownership type or a tax mailing address does not prove that tenants occupy the property; if it is rented, verify the current license and legal occupancy in eCLIPSE.
Derived from the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.
Assessment and tax history
Every fetched annual City assessment for this house, compared with its block and ZIP. The figures show assessment change, the billed-year tax estimate, dated tax records, and recorded transfers. They do not estimate market appreciation or investment return.
Assessed value
$2,944,300
2026 billed-year assessment · 2027: $2,700,000 · built 2017
Price / sq ft
$1000
block $1175 · below block
Assessment change
+3%
+0%/yr since 2019 · 2027 -8% vs 2026
Est. tax bill / yr
$3,295
0.11% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Times sold
0
Assessment vs. the block and ZIP · every dated City record marked on the line
- OPA assessment · 2019$2.6M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2020$2.7M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2021$2.7M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2022$2.7M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2023$2.8M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2024$2.8M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2025$2.9M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2026$2.9M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2027$2.7M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- Permit · 2018-05-08AdministrativeThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2018-08-16MechanicalThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2018-08-21Major alterationA broad legacy permit work category for a substantial building alteration. It can include changed layouts, partitions, fixtures, finishes, structural work, or occupancy-related work, but only the approved scope and plans say what this permit actually authorized; separate trade permits may be required.What Philadelphia building permits can cover ↗
- Permit · 2018-10-02ElectricalThis permit category usually covers electrical installation, alteration, replacement, or repair. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2019-03-28PlumbingThis permit category usually covers water, drainage, fixtures, or other plumbing work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
Property assessmentBlock median & rangeZIP 19106 medianAssessmentPermit
Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.
Every dated record5 events · exact dates, newest first
- PermitPlumbing
- PermitElectrical
- PermitMajor alteration
- PermitMechanical
- PermitAdministrative
The paper trail
Permit on recordPlumbing permit recorded in 2019.
- 2018 AdministrativePermitAdministrativePermitMechanicalPermitMajor alterationPermitElectricalPermit
- 2019 PlumbingPermit
Records behind the chart
Browse the source ledger
The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.
Browse 6 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
- PermitPlumbing
Permit 961238 · COMPLETED
INSTALL 2-TOILETS,1-TUB,2-LAVS,1-KITCHEN SINK AND 1-DISHWASHER IN EXISTING LOCATIONS,THIS IS FOR FIXTURE SETTING ONLY WITH NO ADDITIONAL PIPING.THE INSTALLATION WILL COMPLY WITH THE PHILADELPHIA PLUMBING CODE 2004 - THE INSTALLATION DOES NOT INCLUDE GARBAGE DISPOSAL OR DISHWASHER
- PermitElectrical
Permit 915282 · COMPLETED
RELOCATE (2) LIGHTING FIXTURES. RELOCATE (2) OUTLETS AS PER 2008 NEC.
- PermitMajor alteration
Permit 893892 · COMPLETED
FOR INTERIOR ALTERATIONS THROUGHOUT THE FOLLOWING UNIT:301 AS SHOWN PER APPROVED PLANS. ORIGINAL PERMIT APPROVED FOR THE ERECTION OF A 26 STORY STRUCTURE FOR USE AS MULTI-FAMILY RESIDENTIAL BUILDING (38 RESIDENTIAL UNITS) WITH VACANT COMMERCIAL SPACES (SEPARATE CERTIFICATE OF OCCUPANCY AND USE PERMIT REQUIRED PRIOR TO OCCUPANCY) ON THE FIRST FLOOR WITH AMENITIES THROUGHOUT TO INCLUDE FITNESS CENTER, POOL, ROOF TERRACE, LOBBY AREA AND AUTOMATIC PARKING TWO LEVELS BELOW GRADE. ALL WORK TO BE DONE PER APPROVED PLANS, IF FIELD CONDITIONS VARY CONTRACT STRUCTURAL ENGINEER PRIOR TO THE START OF ANY WORK. BUILDING TO BE FULLY SPRINKLERED. PLEASE REFER TO AP#578829 AND AP#623080 FOR APPROVED FOUNDATION AND DOCUMENTATION. SEPARATE PERMITS REQUIRED FOR MECHANICAL , ELECTRICAL, PLUMBING AND FIRE SUPPRESSION WORK.
- PermitMechanical
Permit 884958 · COMPLETED
FOR THE INSTALLATION OF ONE (1) DECORATIVE FIRE PLACE (MONTIGO R320ST), CONNECTING TO THE PREVIOUSLY APPROVED HVAC SYSTEM (SEE AP#788509 FOR UNIT); SEE AP#645025 FOR ENTIRE BUILDING W/SMOKE CONTROL SYSTEM), FOR A SINGLE DWELLING UNIT (SEE AP#785765), FOR UNIT 301 WITHIN AN UNDER-CONSTRUCTION HIGH-RISE RESIDENTIAL STRUCTURE (SEE AP#606691), AS PER PLANS, MANUFACTURER'S SPECIFICATIONS, AND TESTED AS PER UL 127 AND Z21.50; NO OTHER WORK ON THIS PERMIT.
- PermitAdministrative
Permit 838249 · COMPLETED
AMEND EXISTING ELECTRICAL PERMIT #659823 TO REFLECT CHANGES TO UNITS 301 TO INCLUDE CHANGES TO LIGHTING AND RECEPTICALS LAYOUT. MIDDLE ATL
- PermitAdministrative
Permit 837270 · COMPLETED
AMEND PREVIOUSLY APPROVED PLUMBING PERMIT #633576: ALTERATIONS: INTERIOR PLUMBING; MULTI-FAMILY RESIDENTIAL BUILDING WITH COMMERCIAL SPACES; CHANGE TO LAYOUT 4 WC,4 LAVS,3 TUB/SHOWER,3 SINKS,1 WASHER - THE INSTALLATION WILL COMPLY WITH THE PHILADELPHIA PLUMBING CODE 2004
What this record suggests
The City file documents 6 permits touching kitchen work, electrical work, plumbing, roof work. 6 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.
Flags: material assessment exemption — legal basis and term unverified. Informational only — not investment advice or a consumer report (FCRA).
The assessment exemption gap
OPA's 2026 taxable assessment implies about $3,295/year. Applying the same 1.3998% rate to the full assessed value would imply ~$41,214/year — $37,919/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.
2026: ($2,944,300 assessed − $2,708,909 exempt) × 1.3998% ≈ $3,295/yr
full-assessment scenario: $2,944,300 × 1.3998% ≈ $41,214/yr
The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.
The property, on paper
The city assessor's field record — the physical spec sheet behind the assessed number.
Bedrooms
3
Bathrooms
3
Stories
1
Interior
2,700 sqft
livable area
Lot
1 sqft
Central air
Yes
Garage
1 space
Exterior condition
Above average
city code 3
Above averageBelow average
Interior condition
Above average
city code 3
Above averageBelow average
Quality grade
B+
assessor's grade
ABCDE
Zoning
CMX4
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 500-06 Walnut St takes, at your price and your rate. Taxes start with an annual estimate from the City’s taxable assessment, not a current bill or balance; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.
When this house last sold (2019) a 30-year mortgage ran about 3.94% — Freddie Mac's average that year.
Mortgage
—
P&I · 30-yr fixed
All-in monthly
—
+ taxes & insurance
Estimated cash needed
—
down + 4% planning allowance
Modeled cash flow
—
rent − shown costs · /mo
Modeled cap rate
—
modeled NOI ÷ price
Modeled cash-on-cash
—
modeled year-1 return
Scenario for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance, and buyer cash equal to the down payment plus 4%. Taxes use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance. Cash flow and returns exclude vacancy, management, utilities, HOA or condo fees, leasing costs, income tax, and unplanned capital work.
Block context
500-06 Walnut St sits on the 500 block of Walnut St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 500-06 Walnut St · 500-06 Walnut St
Where this comes from
- Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
- Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections — L&I Property History · Atlas
- Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance — Verify with Philadelphia Revenue
- Zoning appeals — L&I & Zoning Board appeals
- Neighborhood income & rents — US Census ACS 5-year estimates
- Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages
- Imagery — Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 10, 2026, 12:30 PM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)