Rosemont, Pennsylvania Property Taxes
The median property tax rate in Rosemont, PA is 1.94%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rosemont, the typical annual property tax bill reaches $12,395, exceeding the national median of $2,690. Property taxes in Rosemont 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 Rosemont'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 Rosemont 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
Rosemont, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$12,384
Ownwell’s Rosemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosemont 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 Rosemont, Pennsylvania
Property taxes in Rosemont, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosemont is 1.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rosemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosemont 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 Rosemont's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19010 zip code has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these areas compare with Rosemont 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 Rosemont Tax Rate
1.94%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosemont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19010 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Rosemont, Pennsylvania
In Rosemont, 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 Rosemont, 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 Rosemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rosemont is $638,360, with the highest and lowest median tax bills both recorded at $12,395 in the 19010 zip code.
Property Tax Assessment Values Across Rosemont, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Rosemont Assessed Value
$638,360
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 Rosemont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19010 | $632,056 | $634,420 | $638,360 | $642,300 | $644,664 |
Source: Ownwell
Property Tax Bills Across Rosemont, Pennsylvania
In Rosemont, located in Delaware County, PA, 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 then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $638,360, the property tax rate in Rosemont results in tax bills that vary between $12,318 at the 25th percentile and $12,517 at the 90th percentile. This range indicates a relatively narrow variance in tax bills, reflecting the consistent property values in the area. Factors such as property size, location, and condition play a significant role in the assessed value, thereby influencing the tax bill. For homeowners, this means that the property tax bill can be a significant annual expense, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Rosemont Tax Bill
$12,395
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosemont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19010 | $12,273 | $12,318 | $12,395 | $12,471 | $12,517 |
Source: Ownwell