Delray Beach, Pennsylvania Property Taxes
The median property tax rate in Delray Beach, PA is 2.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Delray Beach, the typical annual property tax bill reaches $3,741, exceeding the national median of $2,690. Property taxes in Delray Beach 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 Delray Beach'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 Delray Beach 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
Delray Beach, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$3,742
-$39,214
Ownwell’s Delray Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delray Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delray Beach 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 Lancaster County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Delray Beach, Pennsylvania
Property taxes in Delray Beach, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delray Beach is 2.65%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Delray Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delray Beach 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 Delray Beach's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 33445 has the highest median property tax rate of 2.65%, while the same zip code 33445 also has the lowest median tax rate of 2.65%. Understanding how these cities compare with Delray Beach provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delray Beach Tax Rate
2.65%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delray Beach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33445 | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Delray Beach, Pennsylvania
In Delray Beach, 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 Lancaster 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 Delray Beach, 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 Delray Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33445 has both the highest and lowest median tax bills, each at $3,741.
Property Tax Assessment Values Across Delray Beach, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Delray Beach Assessed Value
$141,200
Average Lancaster County Assessed Value
$177,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delray Beach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33445 | $141,200 | $141,200 | $141,200 | $141,200 | $141,200 |
Source: Ownwell
Property Tax Bills Across Delray Beach, Pennsylvania
In Delray Beach, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Lancaster County, the median home price stands at $141,200. Tax bills in Delray Beach show little variation across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a consistent tax bill of $3,741. This uniformity suggests a stable tax rate and assessment process within the area. Comparatively, this tax bill is significantly higher than the national median property tax rate of 0.99%, reflecting the local government's funding needs and priorities. Homeowners in Delray Beach can expect to pay a substantial amount in property taxes, which can impact their overall cost of living and financial planning.
Average Delray Beach Tax Bill
$3,741
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Delray Beach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33445 | $3,741 | $3,741 | $3,741 | $3,741 | $3,741 |
Source: Ownwell