Concordville, Pennsylvania Property Taxes
The median property tax rate in Concordville, PA is 2.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Concordville at $385,810, the typical annual property tax bill reaches $8,565, significantly exceeding the national median of $2,690. Property taxes in Concordville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Concordville'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 Concordville 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
Concordville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$8,565
Ownwell’s Concordville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concordville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concordville 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 Concordville, Pennsylvania
Property taxes in Concordville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concordville is 2.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Concordville set these rates annually, and they can vary across different neighborhoods. Each year, Concordville 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 Concordville's effective property tax rate to other areas in Delaware County and the national median. For comparison, the zip code 19331 has both the highest and the lowest median property tax rate of 2.22%. Understanding how these areas compare with Concordville 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 Concordville Tax Rate
2.22%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concordville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19331 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Concordville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Concordville, PA. 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 Concordville, 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 Concordville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Concordville are both $8,565, found in zip code 19331.
Property Tax Assessment Values Across Concordville, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Concordville Assessed Value
$385,810
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 Concordville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19331 | $385,810 | $385,810 | $385,810 | $385,810 | $385,810 |
Source: Ownwell
Property Tax Bills Across Concordville, Pennsylvania
Property tax bills in Concordville, Delaware County, PA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and home improvements. Delaware County's property tax rate and assessment practices are designed to reflect the fair market value of homes. For instance, a home with a median price of $385,810 in Concordville would generate a tax bill that can reach up to $8,565, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill can impact homeowners by increasing their annual expenses, potentially affecting their disposable income and financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Concordville Tax Bill
$8,565
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Concordville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19331 | $8,565 | $8,565 | $8,565 | $8,565 | $8,565 |
Source: Ownwell