All owners of taxable real property in Radnor Township (vacant land or residential, commercial, and other structures) are subject to a real estate tax each year. An owner of tax-exempt real property - such as a church, college, university, or public utility - generally is not subject to the real estate tax. The total assessed value of all tax-exempt properties in Radnor represents about 12 percent of total assessed value of all properties in the Township.
There are 3 different taxing entities to which Radnor property owners pay the real estate tax:
Township - Radnor Township
School - Radnor Township School District
County - Delaware County
The real estate tax is based on a millage rate levied each year by the respective governing bodies of those jurisdictions. For example, the Township real estate tax is set by the Radnor Township Board of Commissioners in December each year as part of the annual budget process; the School real estate tax is set each spring by the Radnor Township Board of School Directors; and the County real estate tax is set each December by the Delaware County Council.
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to Township of Radnor by the Government Finance Officers Association of the United States and Canada (GFOA) for its 2015 comprehensive annual financial report (CAFR).