Drexel Hill, Pennsylvania Property Taxes
The median property tax rate in Drexel Hill, PA is 4.19%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $157,050 in Drexel Hill, the typical annual property tax bill reaches $6,475, far exceeding the national median of $2,690. Property taxes in Drexel Hill are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Drexel Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Drexel Hill or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Drexel Hill, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.19%
Estimate Property Tax Bill
$6,580
Ownwell’s Drexel Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Drexel Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Drexel Hill 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 Drexel Hill, Pennsylvania
Property taxes in Drexel Hill, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Drexel Hill is 4.19%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Drexel Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Drexel Hill 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 Drexel Hill's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19026 zip code has both the highest and lowest median property tax rate of 4.19%. Understanding how these areas compare with Drexel Hill 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 Drexel Hill Tax Rate
4.19%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Drexel Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19026 | 4.19% | 4.19% | 4.19% | 4.19% | 4.19% |
Source: Ownwell
Property Tax Assessment Values Across Drexel Hill, Pennsylvania
In Drexel Hill, 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 Drexel Hill, 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 Drexel Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19026 has a median tax bill of $6,475, reflecting the local property tax landscape.
Property Tax Assessment Values Across Drexel Hill, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Drexel Hill Assessed Value
$157,050
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 Drexel Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19026 | $113,766 | $123,375 | $157,050 | $211,745 | $271,046 |
Source: Ownwell
Property Tax Bills Across Drexel Hill, Pennsylvania
Property tax bills in Drexel Hill, located in Delaware County, PA, are calculated based on the assessed value of a property and the local tax rate. Homeowners in this area typically see a median home price of $157,050. The tax bill is determined by multiplying the assessed value of the property by the local tax rate, which can vary depending on the specific location within the county. For example, in Drexel Hill, the 25th percentile tax bill is around $5,110, while the 75th percentile reaches $8,388, and the 90th percentile can go up to $10,316. These variations highlight how different factors, such as property size, location, and improvements, can influence the assessed value and, consequently, the tax bill. When compared to the national median property tax rate of 0.99%, Drexel Hill's property tax rates can significantly impact homeowners, with some areas seeing the highest median tax bill at approximately $6,475. This financial obligation is important for homeowners to consider as it directly affects their annual expenses and overall cost of owning property in the region.
Average Drexel Hill Tax Bill
$6,475
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Drexel Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19026 | $4,697 | $5,110 | $6,475 | $8,388 | $10,316 |
Source: Ownwell