Sharon Hill, Delaware County, Pennsylvania Property Taxes
The median property tax rate in Sharon Hill, PA is 3.97%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $104,100 in Sharon Hill, the typical annual property tax bill reaches $3,784, far exceeding the national median of $2,690. Property taxes in Sharon Hill are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sharon Hill'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 Sharon Hill 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
Sharon Hill, Delaware County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.97%
Estimate Property Tax Bill
$4,133
$3,835
Ownwell’s Sharon Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharon Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharon Hill 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 Sharon Hill, Delaware County, Pennsylvania
Property taxes in Sharon Hill, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sharon Hill is 3.97%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sharon Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sharon Hill 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 Sharon Hill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19079 zip code has the highest median property tax rate of 3.97%, while the same zip code also has the lowest median tax rate of 3.97%. Understanding how these cities compare with Sharon Hill 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 Sharon Hill Tax Rate
3.97%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharon Hill, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19079 | 3.43% | 3.43% | 3.97% | 3.97% | 3.97% |
Source: Ownwell
Property Tax Assessment Values Across Sharon Hill, Delaware County, Pennsylvania
In Sharon Hill, 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 Sharon Hill, 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 Sharon Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sharon Hill is $104,100, with the highest median tax bill in the zip code 19079 at $3,784.
Property Tax Assessment Values Across Sharon Hill, Delaware County, Pennsylvania
Source: Ownwell
$40,360
$715,680
$1,391,000
Average Sharon Hill Assessed Value
$104,100
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 Sharon Hill, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19079 | $72,102 | $88,852 | $104,100 | $115,640 | $131,780 |
Source: Ownwell
Property Tax Bills Across Sharon Hill, Delaware County, Pennsylvania
In Sharon Hill, located in 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 local government assessments and is often a percentage of the home's market value. For instance, with a median home price of $104,100, the assessed value is a crucial factor in calculating the tax bill. Homeowners in Sharon Hill can expect a median property tax bill of around $3,784, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the overall tax bill. Property taxes contribute to essential community services like schools, public safety, and infrastructure. For homeowners, understanding these factors is essential for financial planning. High property taxes can impact affordability and long-term investment in real estate. By knowing how property taxes are calculated, homeowners can better anticipate their annual expenses and make informed decisions.
Property Tax Bills Across Sharon Hill, Delaware County, Pennsylvania
Source: Ownwell
$1,131
$14,070
$27,009
Average Sharon Hill Tax Bill
$3,784
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharon Hill, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19079 | $2,506 | $3,354 | $3,784 | $4,451 | $5,138 |
Source: Ownwell