Chadds Ford, Chester County, Pennsylvania Property Taxes
The median property tax rate in Chadds Ford, PA is 3.69%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Chadds Ford, the typical annual property tax bill reaches $9,056, far exceeding the national median of $2,690. Property taxes in Chadds 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 Chadds 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 Chadds Ford 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
Chadds Ford, Chester County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$8,708
$8,081
Ownwell’s Chadds Ford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chadds Ford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chadds 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 Chadds Ford, Chester County, Pennsylvania
Property taxes in Chadds Ford, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chadds Ford is 3.69%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Chadds Ford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chadds 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 Chadds Ford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19317 zip code has the highest median property tax rate of 3.69%, while the same zip code also has the lowest median tax rate of 3.69%. Understanding how these areas compare with Chadds 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 Chadds Ford Tax Rate
3.69%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chadds Ford, Chester County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19317 | 3.57% | 3.68% | 3.69% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Chadds Ford, Chester County, Pennsylvania
In Chadds 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 local authorities 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 Chadds 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 Chadds Ford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $236,000, with tax bills ranging between $6,770 and $17,094. The zip code 19317 has both the highest and lowest median tax bill at $9,056.
Property Tax Assessment Values Across Chadds Ford, Chester County, Pennsylvania
Source: Ownwell
$74,035
$221,953
$369,870
Average Chadds Ford Assessed Value
$236,000
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 Chadds Ford, Chester County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19317 | $156,218 | $179,285 | $236,000 | $324,660 | $460,682 |
Source: Ownwell
Property Tax Bills Across Chadds Ford, Chester County, Pennsylvania
In Chadds Ford, Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $236,000, the property tax rates can lead to significant variances in tax bills. Homeowners in the 25th percentile can expect to pay around $6,770, while those in the 75th percentile may see bills as high as $12,232. At the 90th percentile, tax bills can reach up to $17,094. The highest and lowest median tax bills in the area are both $9,056, indicating a relatively uniform tax rate across different properties. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the community and homeowners' financial planning.
Property Tax Bills Across Chadds Ford, Chester County, Pennsylvania
Source: Ownwell
$3,552
$6,951
$10,350
Average Chadds Ford Tax Bill
$9,056
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Chadds Ford, Chester County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19317 | $5,872 | $6,770 | $9,056 | $12,232 | $17,094 |
Source: Ownwell