Morton, Pennsylvania Property Taxes
The median property tax rate in Morton, 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 Morton, the typical annual property tax bill reaches $6,178, exceeding the national median of $2,690. Property taxes in Morton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morton'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 Morton 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
Morton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$6,793
Ownwell’s Morton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morton 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 Morton, Pennsylvania
Property taxes in Morton, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morton is 3.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Morton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morton 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 Morton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19070 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 Morton 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 Morton 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 Morton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19070 | 2.34% | 2.34% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Morton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Morton, Pennsylvania. 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 Morton, 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. For example, the median tax bill in Morton is $6,178, which is higher than the national median property tax rate of 0.99%. Being aware of these valuation processes in Morton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Morton Assessed Value
$204,595
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 Morton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19070 | $146,116 | $177,130 | $204,595 | $238,162 | $267,230 |
Source: Ownwell
Property Tax Bills Across Morton, Pennsylvania
In Morton, located in Delaware County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local taxing authorities. For instance, the median home price in Morton is $204,595. Homeowners in this area can expect their tax bills to vary, with the 25th percentile paying around $5,338 and the 75th percentile paying approximately $7,052. The 90th percentile sees tax bills as high as $7,941. These tax bills are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Morton's rates are notably higher, affecting homeowners by increasing their annual financial obligations. This higher tax burden can impact decisions related to property investments and homeownership affordability in the area.
Average Morton Tax Bill
$6,178
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Morton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19070 | $3,466 | $5,338 | $6,178 | $7,052 | $7,941 |
Source: Ownwell