Woodlyn, Pennsylvania Property Taxes
The median property tax rate in Woodlyn, 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 Woodlyn at $162,980, the typical annual property tax bill reaches $5,396, exceeding the national median of $2,690. Property taxes in Woodlyn 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 Woodlyn'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 Woodlyn 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
Woodlyn, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$5,411
Ownwell’s Woodlyn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodlyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodlyn 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 Woodlyn, Pennsylvania
Property taxes in Woodlyn, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodlyn is 3.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Woodlyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodlyn 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 Woodlyn's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19094 zip code has the highest median property tax rate of 3.32%, while the 19094 zip code also has the lowest median tax rate of 3.32%. Understanding how these cities compare with Woodlyn 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 Woodlyn 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 Woodlyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19094 | 3.32% | 3.32% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Woodlyn, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodlyn, 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 Woodlyn, 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. The median home price in Woodlyn is $162,980, and understanding these valuation concepts can help property owners better navigate their tax responsibilities. For instance, the zip code 19094 has the highest and lowest median tax bill at $5,396. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Woodlyn Assessed Value
$162,980
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 Woodlyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19094 | $126,570 | $134,050 | $162,980 | $206,270 | $235,430 |
Source: Ownwell
Property Tax Bills Across Woodlyn, Pennsylvania
In Woodlyn, Delaware County, PA, property tax bills 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. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Woodlyn, the median home price stands at $162,980. Property tax bills in this area vary significantly, with the 25th percentile at $4,451 and the 75th percentile reaching $6,841. At the higher end, the 90th percentile tax bill can be as much as $7,812. The highest and lowest median tax bills in Woodlyn are both recorded at $5,396, indicating a relatively consistent tax rate within the zip code 19094. Compared to the national median property tax rate of 0.99%, Woodlyn's property taxes can be considered relatively high, impacting homeowners by increasing the overall cost of homeownership in the area.
Average Woodlyn Tax Bill
$5,396
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodlyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19094 | $4,199 | $4,451 | $5,396 | $6,841 | $7,812 |
Source: Ownwell