Philadelphia County Property Taxes
The median property tax rate in Philadelphia County is 1.20%, which is higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With a median home value of $182,300, the typical annual property tax bill is $1,943, considerably less than the national median of $2,690. Property taxes in Philadelphia County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Philadelphia County, exploring available exemptions, and identifying opportunities for property tax reductions can result in significant annual savings. Whether you live in Philadelphia or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Philadelphia County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,188
Ownwell’s Philadelphia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Philadelphia with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Philadelphia to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations, taking into account any exemptions you may have on your property.
Property Tax Rates Across Philadelphia County, Pennsylvania
Property taxes in Philadelphia play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Philadelphia is 1.20%, which is higher than the U.S. national median of 0.99%. Local government entities within Philadelphia set these rates annually, and they can vary significantly between different areas within the county. Each year, Philadelphia estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Philadelphia's effective property tax rate with other cities in Pennsylvania and the national median. For comparison, the city of Hatboro has one of the higher property tax rates in Pennsylvania at 1.40%, while the city of Philadelphia boasts one of the lowest at 1.20%. Analyzing how Philadelphia's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Philadelphia County Tax Rate
1.20%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Philadelphia County, Pennsylvania
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hatboro | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| Huntingdon Valley | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| Philadelphia | 0.50% | 0.79% | 1.20% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Philadelphia County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Philadelphia, PA. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering factors like location, property condition, and economic trends. For tax purposes, this value is estimated by the Philadelphia Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. This assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Philadelphia are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Philadelphia has a median home price of $182,300, with tax bills ranging from $1,040 at the 25th percentile to $4,667 at the 90th percentile. The highest median tax bill is found in Philadelphia itself at $1,943, while the lowest is in Huntingdon Valley at $1,233. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Philadelphia County, Pennsylvania
Source: Ownwell
$57,700
$337,575
$617,450
Average Philadelphia County Assessed Value
$182,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Philadelphia County, Pennsylvania
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hatboro | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 |
| Huntingdon Valley | $88,100 | $88,100 | $88,100 | $88,100 | $88,100 |
| Philadelphia | $69,800 | $115,000 | $182,300 | $268,100 | $411,000 |
Source: Ownwell
Property Tax Bills Across Philadelphia County, Pennsylvania
In Philadelphia County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value typically reflects a percentage of the market value of the property. Homeowners then apply the local tax rate to this assessed value to determine their annual tax bill. Several factors influence the tax bill, including property location, size, and any applicable exemptions. For instance, the median home price in Philadelphia County is $182,300, and tax bills can vary significantly. Homeowners in the 25th percentile might pay around $1,040, while those in the 75th percentile could see bills as high as $3,057. The 90th percentile tax bill can reach up to $4,667. Comparatively, Philadelphia has one of the highest median tax bills in the area at $1,943, while Huntingdon Valley boasts the lowest at $1,233. These variations highlight the impact of property values and tax rates on homeowners' annual expenses.
Average Philadelphia County Tax Bill
$1,943
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Philadelphia County, Pennsylvania
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hatboro | $1,260 | $1,260 | $1,260 | $1,260 | $1,260 |
| Huntingdon Valley | $1,233 | $1,233 | $1,233 | $1,233 | $1,233 |
| Philadelphia | $518 | $1,040 | $1,943 | $3,057 | $4,667 |
Source: Ownwell