County property taxes in Bucks, Delaware and Montgomery counties will increase in 2024, but Chester County taxes will stay level. Property tax rates are measured in millage, with one mill being worth $1 for every $1,000 of assessed property value.
- Bucks County commissioners approved a $486.8 million budget for 2024 that includes a 2-mill tax increase — a jump of about 7.9% from 25.45 to 27.45 mills. The increase is expected to raise nearly $17 million annually while adding about $60 to the average homeowner’s yearly tax bill, and wipe out the county’s long-running structural deficit. Read more here.
- Chester County commissioners approved a 2024 consolidated budget of $683.4 million that keeps the county property tax rate at 4.551 mills. The consolidated budget includes a $613.3 million operating budget and a $70.1 million capital budget.
- Delaware County Council unanimously approved a $358 million 2024 budget with a 5% property tax increase from 2.999 to 3.149 mills. A median home valued at about $254,700 will see an annual property tax increase of $38 for a total county real estate tax bill of $802.
- Montgomery County commissioners approved a 2024 budget that includes a 12.8% tax increase. The county’s millage rate will increase from 4.237 mills to 4.788 mills — although the total millage rises to 5.178 after the 0.39 mills for Montgomery County Community College are included.