Landenberg, Pennsylvania Property Taxes
The median property tax rate in Landenberg, PA is 3.91%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $202,140 in Landenberg, the typical annual property tax bill reaches $8,154, far exceeding the national median of $2,690. Property taxes in Landenberg are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Landenberg'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 Landenberg 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
Landenberg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.91%
Estimate Property Tax Bill
$7,904
Ownwell’s Landenberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Landenberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Landenberg 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 Landenberg, Pennsylvania
Property taxes in Landenberg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Landenberg is 3.91%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Landenberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Landenberg 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 Landenberg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19350 has the highest median property tax rate of 3.91%, while the same zip code also has the lowest median tax rate of 3.91%. Understanding how these cities compare with Landenberg 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 Landenberg Tax Rate
3.91%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Landenberg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19350 | 3.74% | 3.87% | 3.91% | 4.16% | 4.44% |
Source: Ownwell
Property Tax Assessment Values Across Landenberg, Pennsylvania
In Landenberg, 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 Landenberg, 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. For instance, the median home price in Landenberg is $202,140, with tax bills ranging from $6,630 at the 25th percentile to $11,991 at the 90th percentile. The highest and lowest median tax bills both stand at $8,154 in the 19350 zip code. By understanding 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 Landenberg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Landenberg, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Landenberg Assessed Value
$202,140
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 Landenberg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19350 | $126,792 | $162,430 | $202,140 | $246,860 | $300,402 |
Source: Ownwell
Property Tax Bills Across Landenberg, Pennsylvania
In Landenberg, Chester County, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the market value, which reflects the property's worth in the current real estate market. Homeowners in Landenberg experience a range of property tax bills, with the 25th percentile paying around $6,630 and the 75th percentile paying approximately $9,815. For those at the 90th percentile, the tax bill can reach up to $11,991. These property tax bills significantly impact homeowners by influencing their overall cost of living and potentially affecting their decisions regarding property investments. With a median home price of $202,140, the property tax rate in Landenberg is notably higher than the national median property tax rate of 0.99%. This higher rate can lead to substantial annual expenses for homeowners, making it crucial for them to understand how their property taxes are calculated and to explore any available exemptions or appeal options to potentially lower their tax burden.
Average Landenberg Tax Bill
$8,154
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Landenberg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19350 | $5,113 | $6,630 | $8,154 | $9,815 | $11,991 |
Source: Ownwell