Coatesville, Pennsylvania Property Taxes
The median property tax rate in Coatesville, PA is 4.89%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $117,760 in Coatesville, the typical annual property tax bill reaches $5,584, far exceeding the national median of $2,690. Property taxes in Coatesville 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 Coatesville'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 Coatesville 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
Coatesville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.89%
Estimate Property Tax Bill
$5,758
Ownwell’s Coatesville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coatesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coatesville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Chester County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Coatesville, Pennsylvania
Property taxes in Coatesville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coatesville is 4.89%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Coatesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coatesville 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 Coatesville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19320 has the highest median property tax rate of 4.89%, while the same zip code also has the lowest median tax rate of 4.89%. Understanding how these cities compare with Coatesville 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 Coatesville Tax Rate
4.89%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coatesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19320 | 3.51% | 4.74% | 4.89% | 5.09% | 5.95% |
Source: Ownwell
Property Tax Assessment Values Across Coatesville, Pennsylvania
In Coatesville, 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 Coatesville, 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 Coatesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Coatesville is $117,760, with the highest and lowest median tax bills both being $5,584 in zip code 19320.
Property Tax Assessment Values Across Coatesville, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Coatesville Assessed Value
$117,760
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 Coatesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19320 | $41,872 | $78,540 | $117,760 | $152,330 | $190,400 |
Source: Ownwell
Property Tax Bills Across Coatesville, Pennsylvania
In Coatesville, Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in Coatesville stands at $117,760. Property tax rates in Coatesville are higher than the national median property tax rate of 0.99%. For example, the 25th percentile tax bill is $3,806, while the 75th percentile tax bill reaches $7,237. At the 90th percentile, homeowners can expect to pay around $8,830. The highest and lowest median tax bills in the area are both $5,584, specifically in the 19320 zip code. These tax bills significantly impact homeowners, as they contribute to the overall cost of homeownership. High property taxes can affect a homeowner's budget and may influence decisions regarding property improvements or even relocation. Understanding how these taxes are calculated can help homeowners better manage their expenses and plan for future financial commitments.
Average Coatesville Tax Bill
$5,584
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coatesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19320 | $2,197 | $3,806 | $5,584 | $7,237 | $8,830 |
Source: Ownwell