Wallingford, Pennsylvania Property Taxes
The median property tax rate in Wallingford, PA is 3.43%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $298,575 in Wallingford, the typical annual property tax bill reaches $10,101, far exceeding the national median of $2,690. Property taxes in Wallingford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wallingford'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 Wallingford 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
Wallingford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.43%
Estimate Property Tax Bill
$10,241
Ownwell’s Wallingford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wallingford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wallingford 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 Wallingford, Pennsylvania
Property taxes in Wallingford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wallingford is 3.43%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Wallingford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wallingford 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 Wallingford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19086 zip code has the highest median property tax rate of 3.43%, while the lowest median tax rate within the same zip code is also 3.43%. Understanding how these figures compare with Wallingford 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 Wallingford Tax Rate
3.43%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wallingford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19086 | 3.43% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Wallingford, Pennsylvania
In Wallingford, 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 Wallingford, 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. Wallingford has a median home price of $298,575, with tax bills ranging from $5,701 at the 25th percentile to $15,527 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wallingford, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Wallingford Assessed Value
$298,575
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 Wallingford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19086 | $100,930 | $177,570 | $298,575 | $359,985 | $458,252 |
Source: Ownwell
Property Tax Bills Across Wallingford, Pennsylvania
In Wallingford, 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 tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Wallingford, the median home price is $298,575, resulting in varying tax bills. Homeowners in the 25th percentile can expect a tax bill around $5,701, while those in the 75th percentile might see bills up to $12,233. In some cases, tax bills can even reach $15,527 for the 90th percentile. These figures highlight how property taxes can significantly impact household budgets, particularly when compared to the national median property tax rate of 0.99%. In Wallingford, the highest and lowest median tax bills are both recorded at $10,101, reflecting the uniformity of property tax assessments within the area.
Average Wallingford Tax Bill
$10,101
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wallingford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19086 | $3,457 | $5,701 | $10,101 | $12,233 | $15,527 |
Source: Ownwell