Glen Mills, Pennsylvania Property Taxes
The median property tax rate in Glen Mills, PA is 3.05%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Glen Mills at $271,210, the typical annual property tax bill reaches $7,893, surpassing the national median of $2,690. Property taxes in Glen Mills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glen Mills'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 Glen Mills or another part of Chester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.05%
Estimate Property Tax Bill
$8,272
Ownwell’s Glen Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Mills 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 Glen Mills, Pennsylvania
Property taxes in Glen Mills, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Mills is 3.05%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Glen Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Mills 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 Glen Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19342 has both the highest and lowest median property tax rate of 3.05%. Understanding how these cities compare with Glen Mills provides valuable insights into the varying tax landscape across Chester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Mills Tax Rate
3.05%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19342 | 2.80% | 2.80% | 3.05% | 3.07% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Glen Mills, Pennsylvania
In Glen Mills, 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 Chester 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. In Glen Mills, assessment notices 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. The median home price in Glen Mills is $271,210, with tax bills ranging significantly. For example, the tax bill at the 25th percentile is $6,601, while at the 75th percentile, it is $11,764, and at the 90th percentile, it reaches $12,885. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Glen Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Glen Mills, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Glen Mills Assessed Value
$271,210
Average Chester County Assessed Value
$166,835
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19342 | $182,940 | $216,150 | $271,210 | $397,940 | $448,746 |
Source: Ownwell
Property Tax Bills Across Glen Mills, Pennsylvania
In Glen Mills, Chester County, PA, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county's assessment office and is intended to reflect the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the size, location, and condition of the property. Homeowners in Glen Mills experience a range of property tax bills. At the 25th percentile, the tax bill is around $6,601, while at the 75th percentile, it rises to about $11,764. For those in the 90th percentile, the tax bill can reach up to $12,885. Given that the national median property tax rate is 0.99%, homeowners in Glen Mills may find their property tax bills significantly higher than the national average, impacting their overall housing costs and financial planning.
Average Glen Mills Tax Bill
$7,893
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19342 | $5,570 | $6,601 | $7,893 | $11,764 | $12,885 |
Source: Ownwell