Glen Riddle, Pennsylvania Property Taxes
The median property tax rate in Glen Riddle, PA is 1.87%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Glen Riddle at $269,850, the typical annual property tax bill reaches $5,034, exceeding the national median of $2,690. Property taxes in Glen Riddle 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 Glen Riddle'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 Glen Riddle 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
Glen Riddle, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$5,046
Ownwell’s Glen Riddle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Riddle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Riddle 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 Glen Riddle, Pennsylvania
Property taxes in Glen Riddle, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Riddle is 1.87%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Glen Riddle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Riddle 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 Glen Riddle's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19063 zip code has the highest median property tax rate of 1.87%, while the same zip code also has the lowest median tax rate of 1.87%. Understanding how these areas compare with Glen Riddle 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 Glen Riddle Tax Rate
1.87%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Riddle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19063 | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Glen Riddle, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glen Riddle, Pennsylvania. 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 Glen Riddle, 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. Being aware of these valuation processes in Glen Riddle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19063 has both the highest and lowest median tax bill at $5,034, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Glen Riddle, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Glen Riddle Assessed Value
$269,850
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 Glen Riddle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19063 | $182,762 | $203,415 | $269,850 | $284,195 | $295,774 |
Source: Ownwell
Property Tax Bills Across Glen Riddle, Pennsylvania
In Glen Riddle, Delaware County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is a percentage of the property's market value. Homeowners in Glen Riddle experience property tax bills that vary significantly, with the 25th percentile paying around $3,794 and the 75th percentile paying approximately $5,301. The highest median tax bill in the area is $5,034, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services such as schools, infrastructure, and public safety, directly impacting the community's quality of life. Homeowners must stay informed about their property's assessed value and the local tax rate to anticipate their annual tax obligations accurately. Understanding these elements helps homeowners manage their finances and plan for future expenses.
Average Glen Riddle Tax Bill
$5,034
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Riddle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19063 | $3,409 | $3,794 | $5,034 | $5,301 | $5,517 |
Source: Ownwell