Glenmoore, Pennsylvania Property Taxes
The median property tax rate in Glenmoore, PA is 3.31%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $203,890 in Glenmoore, the typical annual property tax bill reaches $7,321, far exceeding the national median of $2,690. Property taxes in Glenmoore are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Glenmoore'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 Glenmoore or another part of Chester County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenmoore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$6,749
Ownwell’s Glenmoore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenmoore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenmoore 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 Glenmoore, Pennsylvania
Property taxes in Glenmoore, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenmoore is 3.31%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Glenmoore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenmoore 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 Glenmoore's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19343 zip code has the highest median property tax rate of 3.31%, while the lowest median tax rate is also 3.31%. Understanding how these areas compare with Glenmoore 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 Glenmoore Tax Rate
3.31%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenmoore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19343 | 3.09% | 3.27% | 3.31% | 3.75% | 4.91% |
Source: Ownwell
Property Tax Assessment Values Across Glenmoore, Pennsylvania
In Glenmoore, 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 Glenmoore, 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. Glenmoore homeowners can expect a median home price of $203,890, with tax bills ranging from $5,969 at the 25th percentile to $11,469 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glenmoore Assessed Value
$203,890
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 Glenmoore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19343 | $125,356 | $160,240 | $203,890 | $258,370 | $334,998 |
Source: Ownwell
Property Tax Bills Across Glenmoore, Pennsylvania
In Glenmoore, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's size, location, and market conditions play a significant role in determining the assessed value. Homeowners in Glenmoore, located in Chester County, face varying tax bills. For example, the 25th percentile tax bill is $5,969, while the 75th percentile reaches $9,080, and the 90th percentile can be as high as $11,469. The highest median tax bill in the area is $7,321, which is notably higher than the national median property tax rate of 0.99%. This substantial range in tax bills reflects the diverse property values and market conditions within the region. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Glenmoore Tax Bill
$7,321
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenmoore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19343 | $4,646 | $5,969 | $7,321 | $9,080 | $11,469 |
Source: Ownwell