Bryn Mawr, Pennsylvania Property Taxes
The median property tax rate in Bryn Mawr, PA is 1.94%, significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $439,380, the typical annual property tax bill in Bryn Mawr reaches $9,295, far exceeding the national median of $2,690. Property taxes in Bryn Mawr are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bryn Mawr'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 Bryn Mawr 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
Bryn Mawr, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$8,524
Ownwell’s Bryn Mawr Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryn Mawr with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryn Mawr 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 Bryn Mawr, Pennsylvania
Property taxes in Bryn Mawr, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryn Mawr is 1.94%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bryn Mawr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryn Mawr 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 Bryn Mawr's effective property tax rate to other regions 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 19010 zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Bryn Mawr 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 Bryn Mawr 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 Bryn Mawr, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19010 | 1.94% | 1.94% | 1.94% | 1.94% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Bryn Mawr, Pennsylvania
In Bryn Mawr, 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 Bryn Mawr, 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 Bryn Mawr helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bryn Mawr is $439,380, with the highest and lowest median tax bills both being $9,295 in the 19010 zip code.
Property Tax Assessment Values Across Bryn Mawr, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Bryn Mawr Assessed Value
$439,380
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 Bryn Mawr, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19010 | $115,410 | $269,970 | $439,380 | $609,985 | $837,716 |
Source: Ownwell
Property Tax Bills Across Bryn Mawr, Pennsylvania
In Bryn Mawr, located in Delaware County, PA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county and reflects a percentage of your home's market value. This value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $439,380, homeowners in Bryn Mawr can expect varying tax bills. The 25th percentile tax bill is around $5,654, while the 75th percentile reaches $12,646, and the 90th percentile can be as high as $16,711. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Bryn Mawr's tax bills can be significantly higher, reflecting the area's higher property values and funding needs. Homeowners must consider these taxes as a key factor in their overall housing costs, impacting affordability and long-term financial planning.
Average Bryn Mawr Tax Bill
$9,295
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryn Mawr, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19010 | $2,241 | $5,654 | $9,295 | $12,646 | $16,711 |
Source: Ownwell