Eddystone, Pennsylvania Property Taxes
The median property tax rate in Eddystone, PA is 3.73%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $98,205, the typical annual property tax bill in Eddystone reaches $3,668, surpassing the national median of $2,690. Property taxes in Eddystone are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence exemption. Understanding Eddystone'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 Eddystone 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
Eddystone, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.73%
Estimate Property Tax Bill
$3,663
Ownwell’s Eddystone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eddystone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eddystone 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 Eddystone, Pennsylvania
Property taxes in Eddystone, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eddystone is 3.73%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Eddystone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eddystone 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 Eddystone's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19022 zip code has both the highest and lowest median property tax rate of 3.73%. Understanding how these cities compare with Eddystone 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 Eddystone Tax Rate
3.73%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eddystone, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19022 | 3.53% | 3.73% | 3.73% | 3.73% | 3.73% |
Source: Ownwell
Property Tax Assessment Values Across Eddystone, Pennsylvania
In Eddystone, 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 Eddystone, 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 Eddystone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 19022, with an amount of $3,668, while the lowest median tax bill is also in zip code 19022, with the same amount.
Property Tax Assessment Values Across Eddystone, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Eddystone Assessed Value
$98,205
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 Eddystone, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19022 | $87,695 | $92,962 | $98,205 | $108,398 | $136,750 |
Source: Ownwell
Property Tax Bills Across Eddystone, Pennsylvania
In Eddystone, property tax bills are calculated based on the assessed value of your property, which is determined by the Delaware County Assessor's Office. The assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, the median home price in Eddystone is $98,205, and the tax rate in the area results in a median tax bill of $3,668, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. Homeowners in the 25th percentile can expect a tax bill around $3,472, while those in the 75th percentile might see bills near $4,048. The 90th percentile tax bill can go up to $4,772. These variations can impact homeowners' budgets and financial planning, making it crucial to stay informed and possibly appeal assessments if they seem inaccurate.
Average Eddystone Tax Bill
$3,668
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Eddystone, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19022 | $3,275 | $3,472 | $3,668 | $4,048 | $4,772 |
Source: Ownwell