Crum Lynne, Pennsylvania Property Taxes
The median property tax rate in Crum Lynne, PA is 3.73%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Crum Lynne at $93,760, the typical annual property tax bill reaches $3,461, exceeding the national median of $2,690. Property taxes in Crum Lynne 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 Crum Lynne'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 Crum Lynne 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
Crum Lynne, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.73%
Estimate Property Tax Bill
$3,497
Ownwell’s Crum Lynne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crum Lynne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crum Lynne 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 Crum Lynne, Pennsylvania
Property taxes in Crum Lynne, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Crum Lynne is 3.73%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Crum Lynne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crum Lynne 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 Crum Lynne's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19022 zip code has both the highest and lowest median property tax rate of 3.73%. Understanding how these cities compare with Crum Lynne 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 Crum Lynne Tax Rate
3.73%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crum Lynne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19022 | 3.32% | 3.32% | 3.73% | 3.73% | 3.73% |
Source: Ownwell
Property Tax Assessment Values Across Crum Lynne, Pennsylvania
In Crum Lynne, 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 Crum Lynne, 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 Crum Lynne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19022 has both the highest and lowest median tax bill at $3,461.
Property Tax Assessment Values Across Crum Lynne, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Crum Lynne Assessed Value
$93,760
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 Crum Lynne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19022 | $80,368 | $85,350 | $93,760 | $125,250 | $152,870 |
Source: Ownwell
Property Tax Bills Across Crum Lynne, Pennsylvania
Property tax bills in Crum Lynne, located in Delaware County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For instance, a median home price in Crum Lynne is $93,760. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Crum Lynne face varying tax bills, with the 25th percentile at $3,167 and the 75th percentile at $4,312, while the 90th percentile reaches $5,175. The median tax bill in the area is $3,461, which is significantly higher than the national median property tax rate of 0.99%. These property tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding how these taxes are calculated and the factors involved is crucial for managing homeownership expenses effectively.
Average Crum Lynne Tax Bill
$3,461
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Crum Lynne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19022 | $2,988 | $3,167 | $3,461 | $4,312 | $5,175 |
Source: Ownwell