Chesterbrook, Pennsylvania Property Taxes
The median property tax rate in Chesterbrook, PA is 3.31%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Chesterbrook, the typical annual property tax bill reaches $4,444, exceeding the national median of $2,690. Property taxes in Chesterbrook 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 Chesterbrook'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 Chesterbrook 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
Chesterbrook, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$4,446
Ownwell’s Chesterbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chesterbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chesterbrook 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 Chesterbrook, Pennsylvania
Property taxes in Chesterbrook, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chesterbrook is 3.31%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Chesterbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chesterbrook 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 Chesterbrook's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19087 has the highest median property tax rate of 3.31%, while the same zip code also has the lowest median tax rate of 3.31%. Understanding how these cities compare with Chesterbrook 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 Chesterbrook Tax Rate
3.31%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chesterbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19087 | 3.31% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Chesterbrook, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chesterbrook, 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 Chesterbrook, 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 Chesterbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19087 has both the highest and lowest median tax bills, both valued at $4,444.
Property Tax Assessment Values Across Chesterbrook, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Chesterbrook Assessed Value
$134,325
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 Chesterbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19087 | $91,725 | $106,310 | $134,325 | $167,590 | $195,947 |
Source: Ownwell
Property Tax Bills Across Chesterbrook, Pennsylvania
In Chesterbrook, located in Chester County, PA, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Chesterbrook is $134,325, and the property tax rate is reflective of the county's needs and budget. Homeowners in this area can expect their tax bills to vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is around $3,517, while those in the 75th percentile pay approximately $5,545. At the higher end, the 90th percentile tax bill reaches up to $6,482. These tax bills are influenced by several factors, including the home's assessed value, local levies, and specific exemptions that may apply. Compared to the national median property tax rate of 0.99%, Chesterbrook's rates suggest a relatively high tax burden for homeowners, impacting their overall housing costs. Understanding these factors is crucial for homeowners to budget effectively and potentially seek appeals or exemptions to reduce their tax liabilities.
Average Chesterbrook Tax Bill
$4,444
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Chesterbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19087 | $3,035 | $3,517 | $4,444 | $5,545 | $6,482 |
Source: Ownwell