Linwood, Pennsylvania Property Taxes
The median property tax rate in Linwood, PA is 3.49%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Linwood, the typical annual property tax bill reaches $3,778, exceeding the national median of $2,690. Property taxes in Linwood 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 Linwood'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 Linwood 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
Linwood, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.49%
Estimate Property Tax Bill
$3,781
Ownwell’s Linwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Linwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linwood 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 Linwood, Pennsylvania
Property taxes in Linwood, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linwood is 3.49%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Linwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linwood 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 Linwood's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19061 zip code has the highest median property tax rate of 3.49%, while the same zip code also has the lowest median tax rate of 3.49%. Understanding how these areas compare with Linwood 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 Linwood Tax Rate
3.49%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19061 | 3.49% | 3.49% | 3.49% | 3.49% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Linwood, Pennsylvania
In Linwood, 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 Linwood, 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 highest median tax bill in Linwood is $3,778, while the lowest is also $3,778, both in the 19061 zip code. Being aware of these valuation processes in Linwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Linwood Assessed Value
$108,330
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 Linwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19061 | $63,142 | $83,862 | $108,330 | $124,682 | $134,126 |
Source: Ownwell
Property Tax Bills Across Linwood, Pennsylvania
In Linwood, Delaware County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is often a percentage of the property's market value. Homeowners in Linwood can expect to pay a median property tax bill of $3,778, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, homes in the 25th percentile of tax bills pay around $2,925, while those in the 75th percentile pay approximately $4,348. At the 90th percentile, the tax bill reaches $4,678. These variations reflect differences in property values and assessments within the area. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability. However, these taxes also fund essential local services such as schools, public safety, and infrastructure, contributing to the community's overall quality of life.
Average Linwood Tax Bill
$3,778
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Linwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19061 | $2,202 | $2,925 | $3,778 | $4,348 | $4,678 |
Source: Ownwell