2026 taxable assessment $304,000 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $3,400,000; 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
Owner-occupied · assessed $3.8M (2026) · 2027 OPA assessment $3.4M. On the 500 block of Walnut St.
Property summary
Assessment$3,802,0002026 OPA assessment · 2027: $3,400,000
Last sale$3.9MRecorded 2018
Est. tax bill$4,255/year2026 taxable assessment · full-value scenario $53,220/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
BlockReport AI · cited public records
Ask the questions this record raises.
Every choice opens the research chat with this property already in context. Curated questions are free.
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 8885012342026 OPA taxes $304,000 of $3,802,000 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 recordImproved
Why it mattersOwner pulled a plumbing permit 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 $4,255/yr, while applying the same rate to the full assessment would imply about $53,220/yr — $48,965/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 own it
Verify which assessment relief applies
OPA shows a material assessment exemption, but this record does not identify its legal basis or transfer treatment. Ask OPA for the approval history; if the current treatment ends, an eligible owner-occupant may need to apply separately for Homestead relief.
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.
The investment read
How this house has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.
Assessed value
$3,802,000
2026 billed-year assessment · 2027: $3,400,000 · built 2017
Price / sq ft
$1259
block $1175 · above block
Appreciation
+12%
+2%/yr, city 6.5%
In 5 years (~2031)
~$3.4M
+2%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$4,255
0.13% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
0.9%
≈$2K/mo rent
Times sold
0
Assessment vs. the block · every dated City record marked on the line
- OPA assessment · 2019$3.4M 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$3.5M 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$3.5M 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$3.5M 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$3.7M 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 · 2024$3.7M 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 · 2025$3.8M 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 · 2026$3.8M 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 ↗
- 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 · 2018-06-27Major 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 · 2018-06-27ElectricalThis 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 · 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 · 2019-02-12PlumbingThis 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 ↗
Assessment lineBlock median & rangeAssessmentPermit
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
- PermitMechanical
- PermitMajor alteration
- PermitElectrical
- PermitAdministrative
The paper trail
ImprovedOwner pulled a plumbing permit in 2019.
- 2018 AdministrativePermitAdministrativePermitMajor alterationPermitElectricalPermitMechanicalPermit
- 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 948674 · COMPLETED
REPLACEMENT OF 7 EXISTING FIXTURES IN EXISTING LOCATIONS. INSTALLATIONS IN ACCORDANCE WITH 2004 PPC
- PermitMechanical
Permit 884900 · COMPLETED
FOR THE INSTALLATION OF A FIRE PLACE THAT WILL BE INSTALLED IN ACCORDANCE WITH MANUFACTURER'S SPECIFICATIONS AND TESTED IN ACCORDANCE WITH UL 127 AND ANSI Z21.88. ALL WORK TO BE DONE PER APPROVED PLANS. IF FIELD CONDITION VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK. PLEASE REFER TO AP#645025 FOR SMOKE CONTROL SYSTEM. SEPARATE PERMITS REQUIRED FOR PLUMBING AND ELECTRICAL WORK.*******INSTALLATION OF MONTIGO R320ST FIREPLACE PER MANUFACTURER'S SPECIFICATION. TIE UNIT INTO EXISTING DIRECT VENT CHIMNEY SYSTEM ALREADY INSTALLED INTO CORE/SHELL OF THE BUILDING. NO ADDITION ROOF OR WALL PENETRATIONS REQUIRED.
- PermitMajor alteration
Permit 881965 · COMPLETED
NO CHANGE IN USE AND OCCUPANCY CLASSIFICATION. INTERIOR ALTERATIONS (PRESCRIPTIVE METHOD) TO CONSTRUCT A TYPE B DWELLING AS PER APPROVED PLANS. SEPARATE PERMIT REQUIRED FOR MEP, PLUBMING, ELEC AND FIRE SUPPRESSION WORK.
- PermitElectrical
Permit 883364 · COMPLETED
FINALIZE TERMINATIONS OF EXISTING KITCHEN WIRING RELOCATE 15 RECESSED RELOCATE 4 SWITCHES RELOCATE 4 LUMINARIES AS PER 2008 NEC (CC DISTRICT) SEE PERMIT# 838254 FOR CHANGE OF ELECTRICAL LAY OUT
- PermitAdministrative
Permit 838254 · COMPLETED
AMEND EXISTING ELECTRICAL PERMIT #659823 TO REFLECT CHANGES TO UNITS 1001 TO INCLUDE CHANGES TO LIGHTING AND RECEPTICALS LAYOUT. MIDDLE ATL
- PermitAdministrative
Permit 837265 · 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 $4,255/year. Applying the same 1.3998% rate to the full assessed value would imply ~$53,220/year — $48,965/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: ($3,802,000 assessed − $3,498,028 exempt) × 1.3998% ≈ $4,255/yr
full-assessment scenario: $3,802,000 × 1.3998% ≈ $53,220/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
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 (2018) a 30-year mortgage ran about 4.54% — Freddie Mac's average that year.
Mortgage
—
P&I · 30-yr fixed
All-in monthly
—
+ taxes & insurance
Cash to close
—
down + ~4% costs
Cash flow
—
rent − all costs · /mo
Cap rate
—
NOI ÷ price
Cash-on-cash
—
year-1 return on cash in
Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.
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)