Havertown, Pennsylvania Property Taxes
The median property tax rate in Havertown, PA is 2.50%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Havertown, the typical annual property tax bill reaches $7,438, exceeding the national median of $2,690. Property taxes in Havertown 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 Havertown'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 Havertown 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
Havertown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$7,498
Ownwell’s Havertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havertown 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 Havertown, Pennsylvania
Property taxes in Havertown, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Havertown is 2.50%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Havertown set these rates annually, and they can vary across different neighborhoods. Each year, Havertown 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 Havertown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19083 zip code has both the highest and lowest median property tax rate of 2.50%. Understanding how these cities compare with Havertown 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 Havertown Tax Rate
2.50%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19083 | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Havertown, Pennsylvania
In Havertown, 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 Havertown, 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 is $299,900, with tax bills ranging significantly. The 25th percentile tax bill is $6,325, while the 75th percentile tax bill is $8,567, and the 90th percentile tax bill reaches up to $9,904. 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 Havertown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Havertown, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Havertown Assessed Value
$299,900
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 Havertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19083 | $228,100 | $257,615 | $299,900 | $344,600 | $398,270 |
Source: Ownwell
Property Tax Bills Across Havertown, Pennsylvania
In Havertown, located in Delaware County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Havertown is $299,900. Property tax bills can vary widely, with the 25th percentile at $6,325 and the 75th percentile reaching $8,567. At the 90th percentile, homeowners face tax bills as high as $9,904. The highest and lowest median tax bills in Havertown both stand at $7,438, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, making it crucial for them to budget accordingly. Understanding these factors helps homeowners anticipate their financial obligations and plan for the future effectively.
Average Havertown Tax Bill
$7,438
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Havertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19083 | $5,565 | $6,325 | $7,438 | $8,567 | $9,904 |
Source: Ownwell