Ridley Park, Pennsylvania Property Taxes
The median property tax rate in Ridley Park, PA is 3.32%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Ridley Park at $171,620, the typical annual property tax bill reaches $5,691, far exceeding the national median of $2,690. Property taxes in Ridley Park 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 Ridley Park'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 Ridley Park 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
Ridley Park, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$5,698
Ownwell’s Ridley Park Property Tax Bill Calculator is a powerful tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ridley Park with just two data points. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate in Ridley Park to provide an estimated property tax bill. This tool offers valuable insights into potential tax liabilities, helping you plan and budget more effectively. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Ridley Park, Pennsylvania
Property taxes in Ridley Park, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridley Park is 3.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ridley Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridley Park 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 Ridley Park's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the 19078 zip code has the highest median property tax rate of 3.32%, while the same zip code also has the lowest median tax rate of 3.32%. Understanding how these cities compare with Ridley Park 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 Ridley Park Tax Rate
3.32%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridley Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19078 | 3.32% | 3.32% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Ridley Park, Pennsylvania
In Ridley Park, 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 Ridley Park, 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 Ridley Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5,691, found in zip code 19078.
Property Tax Assessment Values Across Ridley Park, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Ridley Park Assessed Value
$171,620
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 Ridley Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19078 | $139,192 | $156,900 | $171,620 | $208,650 | $246,824 |
Source: Ownwell
Property Tax Bills Across Ridley Park, Pennsylvania
In Ridley Park, Delaware County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Ridley Park face property tax bills that vary significantly depending on these factors. The 25th percentile tax bill is $5,207, while the 75th percentile reaches $6,915, and the 90th percentile can be as high as $8,173. The median property tax rate in Ridley Park is higher than the national median of 0.99%, reflecting the area's specific economic and infrastructural needs. For homeowners, this means that property taxes can represent a substantial portion of their annual expenses, influencing decisions regarding property investment and homeownership. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate future tax liabilities.
Average Ridley Park Tax Bill
$5,691
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridley Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19078 | $4,618 | $5,207 | $5,691 | $6,915 | $8,173 |
Source: Ownwell