Frazer, Pennsylvania Property Taxes
The median property tax rate in Frazer, PA is 2.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Frazer at $74,500, the typical annual property tax bill reaches $1,978, which is below the national median of $2,690. Property taxes in Frazer are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Frazer'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 Frazer 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
Frazer, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$1,974
Ownwell’s Frazer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frazer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frazer 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Frazer, Pennsylvania
Property taxes in Frazer, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frazer is 1.42%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Frazer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frazer 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 Frazer's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19355 zip code has both the highest and lowest median property tax rate of 1.42%. Understanding how these areas compare with Frazer 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 Frazer Tax Rate
2.65%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frazer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19355 | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Frazer, Pennsylvania
In Frazer, 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 Frazer, 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. Frazer's median home price is $74,500, with the highest and lowest median tax bills both at $1,978 in the zip code 19355. Being aware of these valuation processes in Frazer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Frazer Assessed Value
$74,500
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 Frazer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19355 | $74,500 | $74,500 | $74,500 | $74,500 | $74,500 |
Source: Ownwell
Property Tax Bills Across Frazer, Pennsylvania
In Frazer, Chester County, PA, 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 county’s property assessor and is meant to reflect a percentage of the market value of the property. In Frazer, the median home price is $74,500. Homeowners in this area typically face a median property tax bill of $1,978, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements or renovations made to the home. The uniformity in tax bills in Frazer, with the 25th, 75th, and 90th percentiles all at $1,978, indicates a consistent approach to property assessments and taxation within the area. For homeowners, this means that property taxes are a predictable and significant annual expense, impacting their overall cost of homeownership and potentially influencing decisions about property investments and upgrades.
Average Frazer Tax Bill
$1,978
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Frazer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19355 | $1,978 | $1,978 | $1,978 | $1,978 | $1,978 |
Source: Ownwell