Good news for those living in Montgomery, Chester, and Delaware counties! The commissioners in three of the most populous suburban counties approved budgets for 2020 that do not include any real estate tax increases.
Bucks County is the only local suburban area that will see an increase in 2020, but the changes will be modest. The average homeowner in Philadelphia’s northern suburb can expect to pay an additional $36.50 annually.
Curious about which suburban county charges the heftiest fee? Delaware county residents can expect to pay the most at 5.4 mills, which equals $540 for a home assessed at $100,000. Delco residents can also expect a countywide reassessment in 2021, which may raise taxes for some – and actually lower yearly fees for others! A recent Philadelphia Inquirer analysis found that approximately one-third of residents are paying too much based on their assessment, one-third are paying too little, and one-third are paying a fair amount.