Tredyffrin Township
Chester County, Pennsylvania

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Township Finances and Taxes

BUDGET

TOWNSHIP REVENUE

Real Estate Property Tax (2.23 mills)

Chester County assesses properties for real estate tax purposes, including the Township's, School District's, and County's tax. The last reassessment occurred in 1996-7. New properties are assessed by the County when built. All other properties still have the same assessments unless they were appealed or some improvement or addition requiring a building permit prompted a reassessment by the County. Assessments can be obtained from the Chester County Assessor’s Office.

Statement of Assessment Valuations (as of 2011)

Type of Property Total Value No. of Parcels
Residential $2,492,520,639 11,288
Commercial $1,033,920,885 532
Industrial $17,027,590 6
Agricultural $18,764,040 51
Total Assessment/Parcels $3,562,233,154 11,877

Tredyffrin's tax rate in 2011 is 2.23 mills. "Mills" are the amount each property is taxed per $1,000 valuation. For example, a property with an assessed value of $100,000 would pay $100,000 x .00223 = $223.

Real Estate Tax Millage Rates

Tredyffrin Township 2.23 (2011)
Chester County 3.965 (2011)
Tredyffrin-Easttown School District 17.97 (2010)

Local Services Tax

The annual Local Service Tax (LST) is $52.00 for every person who works in Tredyffrin Township. Pursuant to Tredyffrin code and the Commonwealth of Pennsylvania, each employer is required to withhold the LST on behalf of their employees. The employer must file and remit the LST withheld to Tredyffrin Township on a quarterly basis. Self-employed individuals are also required to file and pay the LST. This tax shall be used for police, fire or emergency services or road maintenance purposes.

People who earn less than $12,000/year are eligible for either an exemption or a refund.

Real Estate Transfer Tax

The transfer tax is paid when property is sold.

Tredyffrin Township 1.0%
Tredyffrin-Easttown School District 0.5%
Commonwealth of Pennsylvania 1.0%
Total Transfer Rate 2.5%

Other Taxes

Mechanical Amusement Devices $300 per device annually

Tax FAQ's

Fees

Sewer Utility Fee
Residential $250
Commercial/Industrial $250 per Equivalent Dwelling Unit (EDU)*
Sewer FAQ's * 1 EDU = 3,550 sq. ft.

Fee schedule for permits, recreation programs and other services

Other Revenue

Other Township income derives fee from State and County funds, fees for services, fines and penalties, some miscellaneous income and the cash balance remaining from the previous year.

Major debts for capital expenditure are financed through the sale of bonds or other forms of borrowing.

Aaa CREDIT RATING

As of February 1, 2002, Tredyffrin Township was the second township in the Commonwealth of Pennsylvania to ever be assigned a Aaa grade rating by Moody's Investors Service. The Aaa rating is the highest of all Moody's bond ratings.

This rating was based on Moody's assessment of the Township's ability to meet its financial obligations and reflects its strong financial operations, tax base growth, high wealth levels and moderate debt burden. Moody's expects the Township's financial operations to remain very strong.

The Township's last credit rating was in 2009 during a bond refunding process. Moody's reaffirmed Tredyffrin's Aaa rating.

The Aaa rating helps the Township achieve lower interest rates on bond issues for such purposes as highway construction, park acquisitions, and other infrastructure expenditures. It equates to a savings of approximately five basis points (.05 percent) over the term of a 25-year bond issue.

AUDIT

Elected Auditor

The Elected Auditor serves for a 4-year term beginning on the first Monday of January following the year in which he/she is elected. The Elected Auditor must be a resident of the Township and must be qualified by education, training, or experience in accounting or financial management to perform the duties of the office.

The current Township Auditor, Rob Miller, was elected in 2007. His role is to provide oversight to the annual independent audit process by:

  • Meeting with the outside auditors at the beginning phase of the audit to discuss procedures and any concerns the outside auditors have
  • Receiving and reviewing copies of the audit reports and associated letters
  • Attending an audit exit interview with the Board Of Supervisors to discuss the results of the audits and provide comment on how well it went and any issues

Appointed Auditor

Barbacane Thornton is the appointed independent public accounting firm that conducts the Township’s annual audit of financial accounts, records and procedures.

2009 Audit (pdf)

2009, Tredyffrin Township, Chester County, Pennsylvania. All rights reserved.

Administration
1100 Duportail Road
Berwyn, PA 19312-1079
Phone: (610) 644-1400,  Fax: (610) 993-9186
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