Essington, Pennsylvania Property Taxes
The median property tax rate in Essington, PA is 3.11%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Essington, the typical annual property tax bill reaches $4,164, exceeding the national median of $2,690. Property taxes in Essington 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 Essington'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 Essington 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
Essington, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.11%
Estimate Property Tax Bill
$4,186
Ownwell’s Essington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Essington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Essington 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 Essington, Pennsylvania
Property taxes in Essington, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Essington is 3.11%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Essington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Essington 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 Essington's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19029 zip code has the highest median property tax rate of 3.11%, while the same zip code also has the lowest median tax rate of 3.11%. Understanding how these areas compare with Essington 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 Essington Tax Rate
3.11%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Essington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19029 | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Essington, Pennsylvania
In Essington, 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 Essington, 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 Essington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19029 has the highest and lowest median tax bill at $4,164, reflecting the median home price of $134,590.
Property Tax Assessment Values Across Essington, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Essington Assessed Value
$134,590
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 Essington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19029 | $109,352 | $119,182 | $134,590 | $158,180 | $180,447 |
Source: Ownwell
Property Tax Bills Across Essington, Pennsylvania
In Essington, located in Delaware County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county's assessment office and is intended to reflect the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Essington, the median home price is $134,590. Property tax bills vary significantly, with the 25th percentile tax bill at $3,691 and the 75th percentile reaching $4,874. At the 90th percentile, homeowners can expect to pay around $5,558. Comparatively, the highest and lowest median tax bills in the area are both $4,164, specifically in the 19029 zip code. These property tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Given that the national median property tax rate is 0.99%, understanding local property tax calculations is essential for homeowners in Essington to manage their expenses effectively.
Average Essington Tax Bill
$4,164
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Essington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19029 | $3,386 | $3,691 | $4,164 | $4,874 | $5,558 |
Source: Ownwell