Glen Mills, Pennsylvania Property Taxes
The median property tax rate in Glen Mills, PA is 2.22%, considerably 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 $409,840, the typical annual property tax bill reaches $7,851, exceeding 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' 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 the city, 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
2.22%
Estimate Property Tax Bill
$9,098
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 Delaware County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glen Mills, Pennsylvania
Property taxes in Glen Mills, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Mills is 2.22%, 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 areas in Pennsylvania and the national median. For comparison, the 19342 zip code has the highest median property tax rate of 2.22%, while the same zip code also has the lowest median tax rate of 2.22%. Understanding how these cities compare with Glen Mills 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 Glen Mills Tax Rate
2.22%
Average Delaware County Tax Rate
2.80%
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 | 1.29% | 1.82% | 2.22% | 2.22% | 2.22% |
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 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. 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 $409,840, with tax bills ranging from $5,275 at the 25th percentile to $12,728 at the 90th percentile. The zip code with the highest and lowest median tax bill is 19342, with a value of $7,851. By understanding 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
$21,600
$706,300
$1,391,000
Average Glen Mills Assessed Value
$409,840
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 Glen Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19342 | $217,230 | $287,718 | $409,840 | $515,335 | $653,055 |
Source: Ownwell
Property Tax Bills Across Glen Mills, Pennsylvania
In Glen Mills, located in Delaware County, PA, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. The median home price in Glen Mills is $409,840. Local tax authorities apply a specific tax rate to this assessed value to determine the annual property tax bill. Factors such as property size, location, and any applicable exemptions or deductions also influence the final amount. For homeowners in Glen Mills, the property tax bill can vary significantly. For example, the tax bill at the 25th percentile is $5,275, while at the 75th percentile, it reaches $10,161. At the 90th percentile, it can be as high as $12,728. The highest median tax bill recorded in the area is $7,851. These costs can impact homeowners' budgets and financial planning, making it essential to understand how local property taxes are assessed and calculated. Compared to the national median property tax rate of 0.99%, Glen Mills homeowners may find their tax rates relatively higher, reflecting the area's property values and local tax policies.
Average Glen Mills Tax Bill
$7,851
Average Delaware County Tax Bill
$5,691
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 | $4,543 | $5,275 | $7,851 | $10,161 | $12,728 |
Source: Ownwell