Holmes, Pennsylvania Property Taxes
The median property tax rate in Holmes, PA is 3.32%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Holmes, the typical annual property tax bill reaches $5,859, exceeding the national median of $2,690. Property taxes in Holmes 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 Holmes'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 Holmes 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
Holmes, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$5,851
Ownwell’s Holmes Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Holmes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Holmes to determine your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Delaware County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Holmes, Pennsylvania
Property taxes in Holmes, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holmes is 3.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Holmes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holmes 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 Holmes' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19043 zip code has the highest median property tax rate of 3.32%, while the same zip code also has the lowest median tax rate of 3.32%. Understanding how these cities compare with Holmes 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 Holmes Tax Rate
3.32%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holmes, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19043 | 3.32% | 3.32% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Holmes, Pennsylvania
In Holmes, 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 Holmes, 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 Holmes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 19043 with a value of $5,859, which is significantly above the national median property tax rate of 0.99%.
Average Holmes Assessed Value
$176,240
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 Holmes, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19043 | $135,522 | $153,305 | $176,240 | $209,075 | $238,502 |
Source: Ownwell
Property Tax Bills Across Holmes, Pennsylvania
In Holmes, Delaware County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Holmes, the median home price stands at $176,240. Property tax bills can vary significantly, with the 25th percentile tax bill at $5,107 and the 75th percentile reaching $6,956. The 90th percentile tax bill can go as high as $7,908. These property tax bills are notably higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in Holmes are both $5,859, indicating a consistent tax rate across the area. For homeowners, this means that property taxes can represent a significant portion of annual expenses, influencing decisions on home purchases and financial planning. Understanding how these taxes are calculated helps homeowners anticipate and manage their yearly financial obligations.
Average Holmes Tax Bill
$5,859
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Holmes, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19043 | $4,507 | $5,107 | $5,859 | $6,956 | $7,908 |
Source: Ownwell