Current reports include:
Competitive Tax Analysis
To ensure that King of Prussia has a regionally competitive tax structure that promotes and grows business, every five years King of Prussia District performs a locational analysis of the largest commercial centers in the Philadelphia suburbs to measure total tax burden on businesses of varying sizes and industries relative to competitive jurisdictions.
Key findings from the most recent report, released in 2022, include:
- Upper Merion Township (UMT) maintained its previous position with the 3rd lowest total tax burden on business (1 = lowest burden, 10 = highest burden). UMT, as a business taxing location, remains “comfortably less burdensome than the high-tax jurisdictions in the region, and trailing only low-tax jurisdictions that offer far fewer amenities.”
- Due to the Township’s sizable commercial sector, 64% of Upper Merion Township’s real estate tax revenue comes from non-residential land use. This keeps the tax burden on residents one of the lowest in the region.
- Upper Merion Township’s relative tax burden advantage holds across numerous industry sectors of regional importance, including pharmaceutical and medical manufacturing, financial services, insurance, law, life sciences and warehouse/logistics.
- With the 3rd highest concentration of employees in the region, a plethora of desired amenities and a significant number of new housing options, Upper Merion Township is well positioned as a location of choice for employers and employees.