Damascus, Wayne County, Pennsylvania Property Taxes
The median property tax rate in Damascus, PA is 2.37%, notably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $217,700 in Damascus, the typical annual property tax bill reaches $5,181, surpassing the national median of $2,690. Property taxes in Damascus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Damascus'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 Damascus or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Damascus, Wayne County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$5,159
$4,788
Ownwell’s Damascus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Damascus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Damascus 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 Damascus, Wayne County, Pennsylvania
Property taxes in Damascus, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Damascus is 2.37%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Damascus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Damascus 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 Damascus's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18415 has both the highest and lowest median property tax rate of 2.37%. Understanding how these cities compare with Damascus provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Damascus Tax Rate
2.37%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Damascus, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18415 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Damascus, Wayne County, Pennsylvania
In Damascus, 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 Wayne 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 Damascus, 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 Damascus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Damascus are both $5,181, found in the 18415 zip code.
Property Tax Assessment Values Across Damascus, Wayne County, Pennsylvania
Source: Ownwell
$7,000
$158,875
$310,750
Average Damascus Assessed Value
$217,700
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Damascus, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18415 | $81,520 | $152,950 | $217,700 | $313,350 | $414,340 |
Source: Ownwell
Property Tax Bills Across Damascus, Wayne County, Pennsylvania
In Damascus, 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 property tax rate to determine the annual tax bill. The median home price in Damascus is $217,700, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $3,696, while the 75th percentile tax bill is significantly higher at $7,449. At the extreme end, the 90th percentile tax bill reaches $9,891. Several factors influence the tax bill, including property size, location, and any improvements made to the home. These taxes fund essential public services like schools, road maintenance, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, homeowners in Damascus may find their tax bills to be relatively high, reflecting the area's commitment to maintaining robust community services.
Average Damascus Tax Bill
$5,181
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Damascus, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18415 | $1,962 | $3,696 | $5,181 | $7,449 | $9,891 |
Source: Ownwell