Spring City, Pennsylvania Property Taxes
The median property tax rate in Spring City, PA is 3.94%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Spring City at $145,730, the typical annual property tax bill reaches $5,799, far exceeding the national median of $2,690. Property taxes in Spring City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spring City'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 Spring City or another part of Chester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spring City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.94%
Estimate Property Tax Bill
$5,742
Ownwell’s Spring City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spring City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spring City 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 Spring City, Pennsylvania
Property taxes in Spring City, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring City is 3.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Spring City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring City 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 Spring City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19475 zip code has both the highest and lowest median property tax rate of 3.94%. Understanding how these cities compare with Spring City 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 Spring City Tax Rate
3.94%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19475 | 3.52% | 3.83% | 3.94% | 4.08% | 4.08% |
Source: Ownwell
Property Tax Assessment Values Across Spring City, Pennsylvania
In Spring City, 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 Spring City, 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 Spring City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19475 has the highest median tax bill at $5,799, while the lowest median tax bill is also in the same zip code at $5,799.
Property Tax Assessment Values Across Spring City, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Spring City Assessed Value
$145,730
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 Spring City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19475 | $72,319 | $96,742 | $145,730 | $208,338 | $271,789 |
Source: Ownwell
Property Tax Bills Across Spring City, Pennsylvania
In Spring City, located in Chester County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors and is often a percentage of the market value of the property. Homeowners in Spring City face varying tax bills depending on the value of their property. For instance, the tax bill for the 25th percentile is $3,735, while it rises to $8,344 at the 75th percentile and reaches $10,745 at the 90th percentile. These figures illustrate how property taxes can significantly impact homeowners, especially those with higher-valued properties. The median home price in Spring City is $145,730, which is relatively affordable compared to other regions. However, the property tax rate in Chester County can lead to substantial annual costs for homeowners. By understanding these factors, residents can better anticipate their financial obligations and plan accordingly.
Average Spring City Tax Bill
$5,799
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19475 | $2,774 | $3,735 | $5,799 | $8,344 | $10,745 |
Source: Ownwell