Reply to Help me understand property taxes in Pennsylvania

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[quote=Anonymous][quote=Anonymous]I don't think there's a statewide tax policy. Property taxes are dictated by the local town/township, which can and do vary widely. Some Philadelphia suburbs have low taxes, others have much higher taxes and corresponding lower housing prices. Main Line has fairly low property taxes. Philadelphia has lowish property taxes but the wage tax more than makes up for it.[/quote]

Philly has (or used to have) extremely low property taxes in order to encourage people to buy in the city.

My relatives live in middle of nowhere PA and pay $4000 on a $200k market value house.  That is a much higher tax rate than here…I do think the assessed value is close to that, so where they live either recently assessed or does so on a more regular basis.

I do wonder if new homeowners pay attention to this stuff in addition to mortgage amounts…I suppose it’s a good thing many banks escrow property tax in the mortgage payment.

Of course, NJ and NY property taxes are insane (maybe only NYC suburbs?) in addition to high income tax.[/quote]

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