Berwyn, Pennsylvania Property Taxes
The median property tax rate in Berwyn, PA is 1.61%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Berwyn, the typical annual property tax bill reaches $12,069, far exceeding the national median of $2,690. Property taxes in Berwyn are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Berwyn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Berwyn or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berwyn, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$12,057
Ownwell’s Berwyn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berwyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berwyn to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Berwyn, Pennsylvania
Property taxes in Berwyn, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berwyn is 1.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Berwyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berwyn estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Berwyn's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19312 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Berwyn provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berwyn Tax Rate
1.61%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berwyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19312 | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Berwyn, Pennsylvania
In Berwyn, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Delaware County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Berwyn, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Berwyn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Berwyn is $12,069 in the 19312 zip code, while the lowest median tax bill is also $12,069 in the same zip code.
Average Berwyn Assessed Value
$748,870
Average Delaware County Assessed Value
$197,870
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berwyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19312 | $514,574 | $616,625 | $748,870 | $837,415 | $1,048,834 |
Source: Ownwell
Property Tax Bills Across Berwyn, Pennsylvania
In Berwyn, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by the county. For homeowners in Berwyn, located in Delaware County, the median home price is $748,870. The property tax rate in this region is notably higher than the national median of 0.99%, resulting in significant tax bills. Homeowners in Berwyn can expect their tax bills to vary significantly. The 25th percentile tax bill is around $9,938, while the 75th percentile tax bill is approximately $13,496. For those in the higher end, the 90th percentile tax bill can reach up to $16,904. The highest and lowest median tax bills in Berwyn are both $12,069, indicating a consistent rate across the area. These tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Berwyn Tax Bill
$12,069
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Berwyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19312 | $8,293 | $9,938 | $12,069 | $13,496 | $16,904 |
Source: Ownwell