Parker Ford, Pennsylvania Property Taxes
The median property tax rate in Parker Ford, PA is 4.15%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Parker Ford, the typical annual property tax bill reaches $5,297, exceeding the national median of $2,690. Property taxes in Parker Ford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Parker Ford'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 Parker Ford 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
Parker Ford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.15%
Estimate Property Tax Bill
$5,334
Ownwell’s Parker Ford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parker Ford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parker Ford 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 Parker Ford, Pennsylvania
Property taxes in Parker Ford, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parker Ford is 4.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Parker Ford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parker Ford 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 Parker Ford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19457 zip code has the highest median property tax rate of 4.15%, while the same zip code also has the lowest median tax rate of 4.15%. Understanding how these cities compare with Parker Ford 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 Parker Ford Tax Rate
4.15%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parker Ford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19457 | 4.04% | 4.11% | 4.15% | 4.15% | 4.15% |
Source: Ownwell
Property Tax Assessment Values Across Parker Ford, Pennsylvania
In Parker Ford, 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 Parker Ford, 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 Parker Ford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,297 in the 19457 zip code, which underscores the importance of understanding these processes.
Property Tax Assessment Values Across Parker Ford, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Parker Ford Assessed Value
$128,530
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 Parker Ford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19457 | $92,366 | $104,525 | $128,530 | $142,930 | $251,052 |
Source: Ownwell
Property Tax Bills Across Parker Ford, Pennsylvania
In Parker Ford, Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $128,530, homeowners can expect varying tax bills depending on their property's assessment. Factors such as property location, home size, and market conditions play significant roles in determining the assessed value. In Parker Ford, the 25th percentile tax bill is around $4,336, while those at the 75th percentile pay approximately $5,731. Homeowners at the 90th percentile face tax bills as high as $10,208. These property taxes fund essential public services like schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Parker Ford's property taxes can be relatively high, impacting homeowners' annual budgets and home affordability.
Average Parker Ford Tax Bill
$5,297
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Parker Ford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19457 | $3,831 | $4,336 | $5,297 | $5,731 | $10,208 |
Source: Ownwell