New London Township, Pennsylvania Property Taxes
The median property tax rate in New London Township, PA is 3.95%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $129,580, the typical annual property tax bill in New London Township is $5,063, far exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding New London Township's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New London Township or another part of Chester County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New London Township, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.95%
Estimate Property Tax Bill
$5,118
Ownwell’s New London Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New London Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New London Township 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 New London Township, Pennsylvania
Property taxes in New London Township, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New London Township is 3.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New London Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, New London Township 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 New London Township's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19352 has both the highest and lowest median property tax rate of 3.95%. Understanding how these areas compare with New London Township 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 New London Township Tax Rate
3.95%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New London Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19352 | 3.89% | 3.92% | 3.95% | 3.97% | 3.97% |
Source: Ownwell
Property Tax Assessment Values Across New London Township, Pennsylvania
In New London Township, 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 New London Township, 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 New London Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area reaches $5,063 in zip code 19352, offering a clear perspective on potential tax liabilities.
Property Tax Assessment Values Across New London Township, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average New London Township Assessed Value
$129,580
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 New London Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19352 | $106,551 | $106,628 | $129,580 | $181,958 | $234,999 |
Source: Ownwell
Property Tax Bills Across New London Township, Pennsylvania
In New London Township, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Chester County assessment office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in New London Township, the median home price is $129,580. Tax bills can vary significantly; for example, the 25th percentile tax bill is $4,228, while the 75th percentile reaches $7,087, and the 90th percentile climbs to $9,231. Several factors influence these tax bills, including property size, location, and local government budgets. The highest median tax bill in the area is $5,063, which is also the lowest median tax bill, both found in the 19352 zip code. This variability can affect homeowners differently, with some paying more depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, homeowners in New London Township may find their tax bills relatively high, impacting their overall housing costs.
Average New London Township Tax Bill
$5,063
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New London Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19352 | $4,225 | $4,228 | $5,063 | $7,087 | $9,231 |
Source: Ownwell