Lansdowne, Pennsylvania Property Taxes
The median property tax rate in Lansdowne, PA is 3.93%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lansdowne, the typical annual property tax bill reaches $4,863, exceeding the national median of $2,690. Property taxes in Lansdowne 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 Lansdowne'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 Lansdowne 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
Lansdowne, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.93%
Estimate Property Tax Bill
$5,030
Ownwell's Lansdowne Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Lansdowne. By simply entering your property's assessed value, the calculator uses the median tax rate in Lansdowne to provide a precise estimate of your property tax bill. This valuable resource helps you anticipate potential tax obligations, giving you a clearer financial picture. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by Delaware County, is crucial for accurate property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Lansdowne, Pennsylvania
Property taxes in Lansdowne, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lansdowne is 3.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lansdowne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lansdowne 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 Lansdowne's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19050 zip code has the highest median property tax rate of 3.93%, while the same zip code also has the lowest median tax rate of 3.93%. Understanding how these cities compare with Lansdowne 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 Lansdowne Tax Rate
3.93%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lansdowne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19050 | 3.19% | 3.88% | 3.93% | 3.93% | 4.19% |
Source: Ownwell
Property Tax Assessment Values Across Lansdowne, Pennsylvania
In Lansdowne, 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 Lansdowne, 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. The median home price in Lansdowne is $127,980, with tax bills ranging from $4,126 at the 25th percentile to $7,561 at the 90th percentile. The zip code 19050 has both the highest and lowest median tax bills at $4,863. 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 Lansdowne, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Lansdowne Assessed Value
$127,980
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 Lansdowne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19050 | $88,640 | $109,860 | $127,980 | $158,650 | $192,132 |
Source: Ownwell
Property Tax Bills Across Lansdowne, Pennsylvania
In Lansdowne, Delaware County, PA, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is a percentage of the market value of the home, which is then multiplied by the tax rate to calculate the annual tax bill. Factors such as the home's location, size, and condition can influence its assessed value. For homeowners in Lansdowne, the median home price is $127,980. Property tax bills can vary significantly, with the 25th percentile tax bill at $4,126 and the 75th percentile at $6,132. At the 90th percentile, the tax bill can reach up to $7,561. Compared to the national median property tax rate of 0.99%, Lansdowne's property tax rates can be relatively high, impacting homeowners by increasing their annual expenses. The highest and lowest median tax bills in the area are both $4,863, indicating a consistent tax rate within the zip code 19050. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Lansdowne Tax Bill
$4,863
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lansdowne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19050 | $3,419 | $4,126 | $4,863 | $6,132 | $7,561 |
Source: Ownwell