Claymont, Pennsylvania Property Taxes
The median property tax rate in Claymont, PA is 3.49%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Claymont, the typical annual property tax bill reaches $753, which is below the national median of $2,690. Property taxes in Claymont are calculated based on the assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Claymont'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 Claymont or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Claymont, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.49%
Estimate Property Tax Bill
$754
Ownwell’s Claymont Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Claymont with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Claymont to provide an accurate property tax bill estimate. This valuable tool helps you understand your potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Claymont, Pennsylvania
Property taxes in Claymont, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Claymont is 3.49%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Claymont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Claymont 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 Claymont's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19703 zip code has the highest median property tax rate of 3.49%, while the same zip code also has the lowest median tax rate of 3.49%. Understanding how these cities compare with Claymont 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 Claymont Tax Rate
3.49%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Claymont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19703 | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Claymont, Pennsylvania
In Claymont, 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 Appraisal District 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 Claymont, 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 Claymont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Claymont, the highest and lowest median tax bills are both $753, occurring in the zip code 19703.
Property Tax Assessment Values Across Claymont, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Claymont Assessed Value
$21,600
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 Claymont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19703 | $21,600 | $21,600 | $21,600 | $21,600 | $21,600 |
Source: Ownwell
Property Tax Bills Across Claymont, Pennsylvania
In Claymont, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Claymont, the median home price is $21,600. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Claymont, the property tax rate is consistent with the national median property tax rate of 0.99%, resulting in a median tax bill of $753. This figure remains the same across various percentiles, indicating a uniform tax rate application within the city. Homeowners in Claymont can expect a stable and predictable property tax bill, which can be beneficial for financial planning. The local property tax system ensures that tax burdens are distributed fairly, reflecting the value of each property accurately. This approach helps maintain community services and infrastructure, benefiting all residents.
Average Claymont Tax Bill
$753
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Claymont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19703 | $753 | $753 | $753 | $753 | $753 |
Source: Ownwell