Pomeroy, Pennsylvania Property Taxes
The median property tax rate in Pomeroy, PA, is 4.86%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Pomeroy, the typical annual property tax bill reaches $3,632, exceeding the national median of $2,690. Property taxes in Pomeroy 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 Pomeroy'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 Pomeroy or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pomeroy, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.86%
Estimate Property Tax Bill
$3,612
Ownwell’s Pomeroy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pomeroy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pomeroy 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 Pomeroy, Pennsylvania
Property taxes in Pomeroy, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pomeroy is 1.65%, significantly higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Pomeroy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pomeroy 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 Pomeroy's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19367 has the highest median property tax rate of 4.86%, while the same zip code also has the lowest median tax rate of 4.86%. Understanding how these cities compare with Pomeroy 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 Pomeroy Tax Rate
4.86%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pomeroy, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19367 | 4.70% | 4.76% | 4.86% | 4.89% | 4.89% |
Source: Ownwell
Property Tax Assessment Values Across Pomeroy, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pomeroy, Pennsylvania. 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 Pomeroy, 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 example, the highest median tax bill is $3,632 in the 19367 zip code, while the lowest median tax bill is also $3,632 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pomeroy Assessed Value
$74,320
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 Pomeroy, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19367 | $70,170 | $72,960 | $74,320 | $88,435 | $104,962 |
Source: Ownwell
Property Tax Bills Across Pomeroy, Pennsylvania
In Pomeroy, located in Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Pomeroy is $74,320, and the tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and improvements made to the property. Homeowners in Pomeroy can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is $3,555, while the 75th percentile reaches $4,181, and the 90th percentile climbs to $4,922. These figures indicate a range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Pomeroy’s property taxes can be considered relatively high. This variability in tax bills can significantly impact homeowners' finances, making it crucial for property owners to understand how their tax obligations are determined and consider appealing their assessed values if they seem disproportionately high.
Average Pomeroy Tax Bill
$3,632
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pomeroy, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19367 | $3,429 | $3,555 | $3,632 | $4,181 | $4,922 |
Source: Ownwell