Real Estate Tax
Total Page:16
File Type:pdf, Size:1020Kb
Real Estate Tax
All owners of real estate in the township are required to pay real estate taxes to the township, Delaware County, and the William Penn School District. All real estate taxes in Lansdowne Borough are collected by the elected tax collector, Joseph Urban.
Township
The total tax rate for the 2010 calendar year is 10.85 mils of assessed valuation. The tax is broken down as follows:
One mil is equal to $1 of tax for every $1,000 of assessed property value. To calculate your tax, multiply the millage figure by your assessed property value. Don't forget to add 3 decimal places to the millage figure to get the accurate tax. For example: a 5 mil increase on a home assessed at $20,000 amounts to 0.005 x $20,000, or $100 more in taxes.
Delaware County
The tax rate for the 2010 calendar year is 5.18 mils. Borough and County tax bills are sent out in the beginning of February, and are due as follows:
2% discount if paid by April 1 Full amount if paid by June 1 10% penalty applied if paid after June 1
William Penn School District
The tax rate for the 2010-2011 school year is 58.9809 mils. School tax bills are sent out in July and are due as follows:
2% discount if paid by August 31 Full amount if paid by October 31 10% penalty applied if paid after October 31
Per Capita Tax
Lansdowne Borough does not collect a Per Capita Tax
Earned Income Tax
Lansdowne Borough does not collect an Earned Income Tax.
Net Profits
Lansdowne Borough does not collect a net profits tax
Real Estate Transfer Tax
Anyone buying or selling property in the township must pay a 1% transfer of property tax at settlement. One- half of that tax goes to the township and the other half to the William Penn School District.