Downingtown, Pennsylvania Property Taxes
The median property tax rate in Downingtown, PA is 3.44%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Downingtown at $171,955, the typical annual property tax bill reaches $6,172, far exceeding the national median of $2,690. Property taxes in Downingtown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Downingtown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Downingtown or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Downingtown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.44%
Estimate Property Tax Bill
$5,915
Ownwell’s Downingtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Downingtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Downingtown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Chester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Downingtown, Pennsylvania
Property taxes in Downingtown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Downingtown is 3.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Downingtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Downingtown estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Downingtown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19335 zip code has the highest median property tax rate of 3.44%, while the same zip code also has the lowest median tax rate of 3.44%. Understanding how these cities compare with Downingtown provides valuable insights into the varying tax landscape across Chester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Downingtown Tax Rate
3.44%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Downingtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19335 | 3.29% | 3.36% | 3.44% | 4.08% | 5.09% |
Source: Ownwell
Property Tax Assessment Values Across Downingtown, Pennsylvania
In Downingtown, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Chester County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Downingtown, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Downingtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $6,172, found in the zip code 19335.
Property Tax Assessment Values Across Downingtown, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Downingtown Assessed Value
$171,955
Average Chester County Assessed Value
$166,835
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Downingtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19335 | $86,210 | $124,665 | $171,955 | $227,140 | $286,348 |
Source: Ownwell
Property Tax Bills Across Downingtown, Pennsylvania
In Downingtown, Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, the median home price in Downingtown is $171,955, and homeowners in this area can expect to pay a median property tax bill of around $6,172, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Downingtown face a range of tax bills, with the 25th percentile tax bill at $4,599 and the 75th percentile at $8,237. The highest tax bills, in the 90th percentile, can reach up to $10,121. These property taxes play a crucial role in funding local services such as schools, infrastructure, and public safety, directly impacting the quality of life for homeowners.
Average Downingtown Tax Bill
$6,172
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Downingtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19335 | $3,707 | $4,599 | $6,172 | $8,237 | $10,121 |
Source: Ownwell