Valley Forge, Pennsylvania Property Taxes
The median property tax rate in Valley Forge, PA is 3.81%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $239,255 in Valley Forge, the typical annual property tax bill reaches $8,917, far exceeding the national median of $2,690. Property taxes in Valley Forge 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 Valley Forge'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 Valley Forge 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
Valley Forge, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.81%
Estimate Property Tax Bill
$9,116
Ownwell’s Valley Forge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley Forge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Forge 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 Valley Forge, Pennsylvania
Property taxes in Valley Forge, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Forge is 3.81%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Valley Forge set these rates annually, and they can vary considerably across different neighborhoods. Each year, Valley Forge 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 Valley Forge's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19481 zip code has the highest median property tax rate of 3.81%, while the 19482 zip code has the lowest median tax rate of 3.56%. Understanding how these areas compare with Valley Forge 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 Valley Forge Tax Rate
3.81%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Forge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19460 | 3.80% | 3.80% | 3.80% | 3.80% | 3.80% |
| 19481 | 3.31% | 3.44% | 3.81% | 3.81% | 3.81% |
| 19482 | 3.36% | 3.43% | 3.56% | 3.68% | 3.76% |
Source: Ownwell
Property Tax Assessment Values Across Valley Forge, Pennsylvania
In Valley Forge, 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 Valley Forge, 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 median home price in Valley Forge is $239,255. The median tax bill varies significantly across different zip codes, with the highest being $12,891 in the 19482 zip code and the lowest at $5,836 in the 19460 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 in Valley Forge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Valley Forge, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Valley Forge Assessed Value
$239,255
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 Valley Forge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19460 | $153,510 | $153,510 | $153,510 | $153,510 | $153,510 |
| 19481 | $149,024 | $203,860 | $239,600 | $319,520 | $371,650 |
| 19482 | $242,320 | $291,640 | $373,840 | $456,040 | $505,360 |
Source: Ownwell
Property Tax Bills Across Valley Forge, Pennsylvania
In Valley Forge, Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the total tax bill. Homeowners in Valley Forge experience a wide range of tax bills, influenced by factors such as property size, location, and market conditions. For instance, the median home price in the area is $239,255. Tax bills can vary significantly, with the 25th percentile at $7,545 and the 75th percentile reaching $10,985. The highest median tax bill in the region is $12,891, found in the 19482 zip code, while the lowest median tax bill is $5,836 in the 19460 zip code. These figures highlight the variability within the area, making it crucial for homeowners to understand their specific property’s assessed value and applicable tax rate. Compared to the national median property tax rate of 0.99%, Valley Forge homeowners often face higher tax bills, impacting their annual financial planning.
Average Valley Forge Tax Bill
$8,917
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Forge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19460 | $5,836 | $5,836 | $5,836 | $5,836 | $5,836 |
| 19481 | $5,673 | $7,573 | $8,930 | $10,931 | $13,153 |
| 19482 | $8,957 | $10,432 | $12,891 | $15,350 | $16,825 |
Source: Ownwell