Marcus Hook, Pennsylvania Property Taxes
The median property tax rate in Marcus Hook, PA is 3.49%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Marcus Hook at $85,085, the typical annual property tax bill reaches $3,124, exceeding the national median of $2,690. Property taxes in Marcus Hook 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 Marcus Hook'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 Marcus Hook 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
Marcus Hook, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.49%
Estimate Property Tax Bill
$2,969
Ownwell’s Marcus Hook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marcus Hook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marcus Hook 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 Marcus Hook, Pennsylvania
Property taxes in Marcus Hook, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marcus Hook is 3.49%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Marcus Hook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marcus Hook 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 Marcus Hook's effective property tax rate to other counties 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 cities compare with Marcus Hook 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 Marcus Hook 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 Marcus Hook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19061 | 3.22% | 3.49% | 3.49% | 3.80% | 3.83% |
Source: Ownwell
Property Tax Assessment Values Across Marcus Hook, Pennsylvania
In Marcus Hook, 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 Marcus Hook, 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 and lowest median tax bills in Marcus Hook are both $3,124 in the 19061 zip code. 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 Marcus Hook, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Marcus Hook Assessed Value
$85,085
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 Marcus Hook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19061 | $59,679 | $68,170 | $85,085 | $123,582 | $158,573 |
Source: Ownwell
Property Tax Bills Across Marcus Hook, Pennsylvania
In Marcus Hook, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Marcus Hook, located in Delaware County, PA, the median home price is $85,085. The tax rate in this area results in a median tax bill of $3,124, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect a tax bill around $2,488, while those in the 75th percentile may see bills closer to $4,564. At the 90th percentile, tax bills can reach up to $5,393. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Marcus Hook Tax Bill
$3,124
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Marcus Hook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19061 | $2,134 | $2,488 | $3,124 | $4,564 | $5,393 |
Source: Ownwell