2026 assessment
$478K
OPA value, not a listing price
Property report
225 Race St
2,700 sqftCMX3built 2007
Property at a glanceCommercial
Falasca Holding Company LLC
2027 published assessment
$486K
Future roll, not the current tax bill
Location
200 block of Race St
ZIP 19106
Neighborhood area
Old City · Society Hill
Approximate · based on ZIP 19106
Assessment and City record timeline
The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.
Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $485,500. It is not yet the billed-year tax basis.
- OPA assessment · 2016$400K 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 · 2017$400K 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 · 2018$400K 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 · 2019$400K 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$420K 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$420K 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$420K 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$458K 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$458K 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$478K 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$478K 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$486K 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 · 2019-10-23AlterationThis 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 · 2021-07-07Change of UseThis permit category usually covers the property’s allowed use, dimensions, occupancy, or site configuration. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2021-07-14Addition and/or AlterationThis 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 · 2021-08-09Addition and/or AlterationThis 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 · 2021-08-10AlterationsThis 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 · 2021-08-23Addition and/or AlterationsThis 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 · 2021-11-18Addition and/or AlterationThis 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 ↗
Property assessmentAssessmentPermit
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 record7 events · exact dates, newest first
- PermitAddition and/or Alteration
- PermitAddition and/or Alterations
- PermitAlterations
- PermitAddition and/or Alteration
- PermitAddition and/or Alteration
- PermitChange of Use
- PermitAlteration
Verify the public record
Property tax
$6,697/year estimated property tax
2026 taxable assessment $478,400 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.
OPA has published a 2027 assessment of $485,500. It is not the 2026 billed-year value.
Payments, credits, interest, and the current amount due are maintained by the City.
OPA 8880391142026 taxable assessment equals the full assessed value.
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.”
Property report
Commercial property
Commercial, recorded in the City's commercial category. The public record and owner trail follow.
What it is
Commercial
Com Condo 1 Sty Masonry
Owner
Falasca Holding Company LLC
$ / sq ft
$180
above the $151 median for 7,668 commercial parcels citywide
Corridor
Old City
city commercial corridor
Interior area
2,700 sqft
Built
2007
Zoning
CMX3
Recorded owner
Who's behind it
Falasca Holding Company LLC · corporate / LLC owner
• Owns 2 properties across Philadelphia under this name, assessed at $507K combined
• Tax bills mail to 3329 N Mill Rd, Vineland NJ — outside Philadelphia
Block context
200 block of Race St. Compare parcels, ownership, and public-record history.
See the whole block →Next door: 225 Race St · 225 Race St
L&I licenses checked through Jul 25, 2026
No business or residential license records
No business license or residential registration matched this OPA parcel in the latest City data.
Open every source row 7 dated rows
- PermitAddition and/or Alteration
Permit EP-2021-011502 · Completed
Moving existing Horn/Strobe in ceiling into bathroom area. No additional wiring or equipment will be required .
- PermitAddition and/or Alterations
Permit FP-2021-002343 · Completed
MK Fire Protection to relocate 5 sprinkler heads throughout permitted area.
- PermitAlterations
Permit PP-2021-013153 · Completed
INSTALL NEW WATER CLOSET, LAVATORY AND HOT WATER HEATER ACCORDING TO THE 2018 PPC.
- PermitAddition and/or Alteration
Permit EP-2021-008497 · Completed
ELECTRICAL PERMIT You have selected an Electrical Permit. A copy of the contract between the property owner or owner's agent and the licensed electrical contractor must be submitted. The contract must include the following information: 1) All electrical equipment, conductors, conduit, etc.; 2) All materials; 3) All labor; and 4) Overhead and profit. Please return to your application in ECLIPSE and upload the executed contract. Please visit www.phila.gov/li for a complete listing of permit requirements. Rearrange existing receptacles and lighting to accommodate new office layout, new restroom light.
- PermitAddition and/or Alteration
Permit CP-2021-002815 · Completed
FOR INTERIOR ALTERATIONS ON THE BASEMENT AND FIRST FLOOR INCLUDING NEW INTERIOR PARTITIONS AND INTERIOR FINISHES, TO CREATE OFFICE SPACE, AS PER APPROVED PLANS.
- PermitChange of Use
Permit ZP-2021-006271 · Issued
Office - Business and Professional
- PermitAlteration
Permit 1021655 · COMPLETED
EZ STANDARD LIMITED COMMERCIAL ALTERATIONS & REPAIRS- FOR THE LIMITED DEMOLITION AND COMMERCIAL ALTERATIONS WITHOUT SUBMITTING PLANS AS PER ATTACHED STANDARDS. DEVIATIONS FROM THESE STANDARDS REQUIRE SUBMISSION OF CONSTRUCTION AND SITE PLANS. *EXTERIOR PAINT PER PHC APPROVAL*
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
- Imagery: Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 26, 2026, 11:52 AM 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)