Malvern Borough Taxes
Formula to calculate real property tax is: Assessment x millage = tax (face amount). The County millage, for example, is the same for all municipalities, therefore the County Tax for a property with an assessed value of $100,000 and a rate of 4.6700 mills would be calculated as follows:
100,000 X .00467 = $467.00 (face amount)
Note: 4.6700 mills is equivalent to a millage of .00467. This is comparable to expressing percentage as whole number (5%) or as a decimal (.05). In the case of millage, the decimal is moved three places to left instead of two.