Philadelphia, PA variant. This is a Philadelphia, PA-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Philadelphia property tax runs about 0.95% of value - roughly $2,233/year on the $235,000 median home.
Property tax in Philadelphia
Tax = assessed value × local rate. The 0.95% effective rate captures Philadelphia's blend of county, city, and school levies.
On the $235,000 median home that's $2,233/year ($186/month), usually escrowed with your mortgage.
About Philadelphia, PA
Philadelphia imposes a city wage tax on residents and on people who work within the city, adding to the Pennsylvania state income tax.
Philadelphia offers relatively affordable home prices compared with other large East Coast cities, making homeownership more accessible.
Philadelphia's economy is built around education, healthcare, and professional services, with major universities and hospital systems as anchors.
Worked example: $235,000 home
$235,000 × 0.95% = $2,233/year. A $600,000 Philadelphia home would owe about $5,700.
Quick reference
- Median home value: $235,000
- Median rent: $1,750/mo
- Median household income: $60,302
- Local sales tax: 8%
- City income tax: 3.75%
- Effective property tax rate: 0.95%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
What is the property tax rate in Philadelphia?
About 0.95% of market value per year.
How much property tax on a median Philadelphia home?
Roughly $2,233 per year.