Property Taxes in Prospect Park, Pennsylvania
Median Prospect Park, Pennsylvania effective property tax rate: 3.42%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Prospect Park, Pennsylvania home value: $153,630
Median annual Prospect Park, Pennsylvania tax bill: $5,261, $2,861 higher than the national median property tax bill of $2,400.
How are property taxes in Delaware calculated?
Property taxes in Prospect Park, Pennsylvania 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 Prospect Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Prospect Park, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Prospect Park Property Tax Calculator Work?
Use this Prospect Park property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Prospect Park's median effective tax rate of 3.42% — based on actual property records in Delaware County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Prospect Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Prospect Park: rates range from 3.42% in 19076 to 3.42% in 19076, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Prospect Park.
About Prospect Park Property Taxes
About Property Taxes in Prospect Park, Delaware, Pennsylvania
Prospect Park's median effective property tax rate of 3.42% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Delaware County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Prospect Park. Homeowners in the 19076 ZIP code carry a median effective rate of 3.42%, while those in the same ZIP code pay 3.42%. This spread reflects how school district boundaries and local assessment districts are drawn across Delaware County. Understanding which part of Prospect Park you live in can make a meaningful difference to your annual tax bill.
Prospect Park homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Prospect Park, Delaware County, Pennsylvania
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Prospect Park's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
Property Tax Rates Across Prospect Park, Delaware County, Pennsylvania
Source: Ownwell
1.31%
3.13%
4.95%
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 Prospect Park Tax Rate
3.42%
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
2.81%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Prospect Park, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19076 | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% |
Source: Ownwell
Property Tax Assessment Values Across Prospect Park, Delaware County, Pennsylvania
When examining property taxes in Prospect Park, Pennsylvania, 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 appraisal district 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 are sent in March each year. They 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. The median home price in Prospect Park is $153,630, and the median tax bill is $5,261, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Prospect Park, Delaware County, Pennsylvania
Source: Ownwell
$40,360
$715,680
$1,391,000
Median Prospect Park Market Value
$153,630
Median Delaware County Market Value
$198,010
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Prospect Park, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19076 | $131,774 | $142,490 | $153,630 | $175,860 | $203,184 |
Source: Ownwell
Property Tax Bills Across Prospect Park, Delaware County, Pennsylvania
Property tax bills in Prospect Park are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the bill depends on both how much the property is worth and how local taxing authorities set rates for schools, county services, and municipal needs.
With a median home price of $153,630, property taxes can still be significant. The median tax bill in the area is $5,261, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the city also vary widely, with the 25th percentile at $4,872 and the 75th percentile at $5,994, showing how differences in assessed value and tax rates affect what homeowners owe.
For many homeowners, a higher assessed value can mean a larger tax bill, even if the home has not been sold.
Property Tax Bills Across Prospect Park, Delaware County, Pennsylvania
Source: Ownwell
$1,100
$14,612
$28,124
Median Prospect Park Tax Bill
$5,261
Median Delaware County Tax Bill
$5,963
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Prospect Park, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19076 | $4,527 | $4,872 | $5,261 | $5,994 | $6,888 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 1 |
Links | |
|---|---|
| Delaware Tax Assessor | |
| Website | delcorealestate.co.delaware.pa.us |