Lower Merion, Delaware County, Pennsylvania Property Taxes
Median Lower Merion, PA effective property tax rate: 2.50%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Lower Merion, PA home value: $359,850
Median annual Lower Merion, PA tax bill: $8,605, $6,205 higher than the national median property tax bill of $2,400.
How are property taxes in Delaware calculated?
Property taxes in Lower Merion, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lower Merion’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lower Merion, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lower Merion, Delaware County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.5%
Estimate Property Tax Bill
$8,996
$8,348
Property Tax Rates Across Lower Merion, Delaware County, Pennsylvania
Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and then divides that by the total value of all taxable property within its borders, resulting in the property tax rate. While the process involves votes and laws to set these rates and budgets, this is essentially how it works each year.
In Lower Merion, located in Montgomery County, PA, the effective property tax rate is notably higher than both the state and national medians. Pennsylvania's median property tax rate is 1.35%, while the national median stands at 1.02%. This means residents of Lower Merion face a higher tax burden compared to many other areas. Despite this, the benefits of living in this desirable location often outweigh the higher taxes, as residents enjoy quality public services funded by these taxes. Comparing Lower Merion’s rate with other cities in Pennsylvania and the national median provides valuable insight into the local tax landscape.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lower Merion Tax Rate
2.50%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Delaware County Tax Rate
2.80%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lower Merion, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19083 | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Lower Merion, Delaware County, Pennsylvania
When examining property taxes in Lower Merion, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Delaware County Board of Assessment estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Delaware County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lower Merion. For example, the median home price in Lower Merion is $359,850, with tax bills ranging significantly across the county. 19083 has the highest median home price at $359,850.
Property Tax Assessment Values Across Lower Merion, Delaware County, Pennsylvania
Source: Ownwell
$40,360
$715,680
$1,391,000
Median Lower Merion Market Value
$359,850
Median Delaware County Market Value
$197,870
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lower Merion, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19083 | $257,242 | $322,842 | $359,850 | $463,228 | $546,349 |
Source: Ownwell
Property Tax Bills Across Lower Merion, Delaware County, Pennsylvania
In Lower Merion, Pennsylvania, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local government and is meant to reflect a percentage of the property's market value. Homeowners in Lower Merion face a median tax bill significantly higher than the national median of $2,400, with the 25th percentile tax bill at $7,907 and the 75th percentile reaching $11,154. This places a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution by providing expert property tax appeal services. By analyzing the assessed value of your property, Ownwell can identify discrepancies that may lead to reduced tax bills. Our team of professionals works diligently to ensure you're not overpaying, potentially saving you thousands of dollars annually. With Ownwell's assistance, homeowners in Lower Merion can navigate the complexities of property taxes and achieve significant savings.
Property Tax Bills Across Lower Merion, Delaware County, Pennsylvania
Source: Ownwell
$1,131
$14,070
$27,009
Median Lower Merion Tax Bill
$8,605
Median Delaware County Tax Bill
$5,691
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Lower Merion, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19083 | $5,880 | $7,907 | $8,605 | $11,154 | $13,320 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Delaware Tax Assessor | |
| Website | delcorealestate.co.delaware.pa.us |