Gradyville, Pennsylvania Property Taxes
The median property tax rate in Gradyville, PA is 1.82%, significantly higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With a median home value of $435,260 in Gradyville, the typical annual property tax bill reaches $7,936, far surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural use. Navigating Gradyville's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gradyville 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
Gradyville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$7,922
Ownwell’s Gradyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gradyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gradyville 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 Gradyville, Pennsylvania
Property taxes in Gradyville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gradyville is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gradyville set these rates annually, and they can vary across different neighborhoods. Each year, Gradyville 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 Gradyville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 19039 has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these areas compare with Gradyville 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 Gradyville Tax Rate
1.82%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gradyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19039 | 1.51% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Gradyville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gradyville, PA. The market value represents 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 Gradyville, 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. For instance, the median home price in Gradyville is $435,260, and the tax bills range from $6,907 at the 25th percentile to $8,824 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gradyville, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Gradyville Assessed Value
$435,260
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 Gradyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19039 | $332,420 | $378,830 | $435,260 | $436,900 | $483,946 |
Source: Ownwell
Property Tax Bills Across Gradyville, Pennsylvania
In Gradyville, PA, property tax bills are determined based on the assessed value of a home, which is distinct from its market value. The assessed value is calculated by local government assessors who evaluate the property's worth. This value is then multiplied by the county's property tax rate to determine the annual tax bill. For instance, in Delaware County, where Gradyville is located, homeowners see a range of tax bills. The 25th percentile tax bill stands at $6,907, while the 75th percentile reaches $7,966, and the 90th percentile is $8,824. These tax bills can significantly impact homeowners, influencing their overall cost of living. The median home price in Gradyville is $435,260, and with the national median property tax rate at 0.99%, homeowners in Gradyville often face higher tax bills compared to the national average. This can affect decisions on property investments and long-term financial planning for residents.
Average Gradyville Tax Bill
$7,936
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gradyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19039 | $5,102 | $6,907 | $7,936 | $7,966 | $8,824 |
Source: Ownwell