Edgemont, Delaware County, Pennsylvania Property Taxes

Local government entities determine tax rates, which can significantly differ within a state. This variation occurs because each year, counties like Delaware in Pennsylvania calculate their necessary budget to offer services and then divide this amount by the total value of all taxable property within their boundaries. This process determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the core of the annual procedure.

In Edgemont, located in Delaware County, the effective property tax rate is notably higher than the national median of 1.02%. Pennsylvania's median property tax rate also surpasses the national average, reflecting the state's approach to funding local services. Residents of Edgemont may find their property tax bills higher than those in other Pennsylvania cities, as well as compared to the national median property tax bill of $2,400. Understanding these rates and how they are determined can help property owners in Edgemont and beyond better anticipate their annual tax responsibilities and manage their finances accordingly.

In Edgemont, property tax bills are determined by the assessed value of a home, which is calculated based on a percentage of the market value. Homeowners in Delaware County face a median property tax bill significantly higher than the national median, with the 25th percentile at $5,835 and the 75th percentile reaching $6,642. This can present a substantial financial burden, especially when compared to the national median property tax bill of $2,400. Factors influencing these bills include the local tax rate and the assessed value, which can fluctuate with market conditions.

Ownwell offers an opportunity for homeowners in Edgemont to potentially reduce their property tax bills. By providing expert property tax appeal services, Ownwell helps homeowners ensure their properties are fairly assessed. This can lead to significant savings, especially for those in the higher tax brackets, such as the 90th percentile, which sees tax bills as high as $13,838. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and potentially lower their financial obligations.