Millbourne, Pennsylvania Property Taxes
The median property tax rate in Millbourne, PA is 2.79%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Millbourne at $141,080, the typical annual property tax bill reaches $3,932, surpassing the national median of $2,690. Property taxes in Millbourne are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Millbourne's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Millbourne or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Millbourne, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$3,936
Ownwell’s Millbourne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millbourne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millbourne to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Millbourne, Pennsylvania
Property taxes in Millbourne, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Millbourne is 2.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Millbourne set these rates annually, and they can vary across different neighborhoods. Each year, Millbourne estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Millbourne's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19082 zip code has the highest median property tax rate of 2.79%, while the same zip code also has the lowest median tax rate of 2.79%. Understanding how these areas compare with Millbourne provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millbourne Tax Rate
2.79%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millbourne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19082 | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Millbourne, Pennsylvania
In Millbourne, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Delaware County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Millbourne are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the median home price in Millbourne is $141,080, with tax bills ranging from $3,802 at the 25th percentile to $4,632 at the 90th percentile. The highest and lowest median tax bills are both $3,932 in zip code 19082. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Millbourne, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Millbourne Assessed Value
$141,080
Average Delaware County Assessed Value
$197,870
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Millbourne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19082 | $133,600 | $136,405 | $141,080 | $156,770 | $166,184 |
Source: Ownwell
Property Tax Bills Across Millbourne, Pennsylvania
In Millbourne, Delaware County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county's property assessment office and is intended to represent the market value of the property. Homeowners in Millbourne can expect to pay a tax rate that contributes to the overall property tax bill, which is calculated by multiplying the assessed value by the local tax rate. For example, with a median home price of $141,080, homeowners might see a tax bill around the 25th percentile at $3,802, the 75th percentile at $4,370, and the 90th percentile at $4,632. These figures illustrate the range that property owners can expect based on varying home values and tax rates within the area. Compared to the national median property tax rate of 0.99%, Millbourne's tax rates suggest a higher-than-average burden on homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Millbourne Tax Bill
$3,932
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Millbourne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19082 | $3,724 | $3,802 | $3,932 | $4,370 | $4,632 |
Source: Ownwell