Cochranville, Pennsylvania Property Taxes
The median property tax rate in Cochranville, PA is 4.54%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cochranville at $148,260, the typical annual property tax bill reaches $6,413, far exceeding the national median of $2,690. Property taxes in Cochranville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cochranville'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 Cochranville 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
Cochranville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.54%
Estimate Property Tax Bill
$6,731
Ownwell’s Cochranville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cochranville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cochranville 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 Cochranville, Pennsylvania
Property taxes in Cochranville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cochranville is 4.54%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Cochranville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cochranville 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 Cochranville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19330 zip code has the highest median property tax rate of 4.54%, while the same zip code also has the lowest median tax rate of 4.54%. Understanding how these cities compare with Cochranville 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 Cochranville Tax Rate
4.54%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cochranville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19330 | 3.54% | 3.95% | 4.54% | 4.65% | 4.85% |
Source: Ownwell
Property Tax Assessment Values Across Cochranville, Pennsylvania
In Cochranville, 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 Cochranville, 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 Cochranville is $148,260, with tax bills ranging from $5,091 at the 25th percentile to $9,858 at the 90th percentile. 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 Cochranville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cochranville, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Cochranville Assessed Value
$148,260
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 Cochranville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19330 | $86,100 | $115,660 | $148,260 | $187,415 | $225,276 |
Source: Ownwell
Property Tax Bills Across Cochranville, Pennsylvania
In Cochranville, Chester County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This ratio ensures that the assessed value is a percentage of the market value, which is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Cochranville, the median home price stands at $148,260. Property tax bills can vary significantly, with the 25th percentile at $5,091 and the 75th percentile reaching $8,241. The 90th percentile can see tax bills as high as $9,858. These figures highlight the substantial impact property taxes can have on homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their budgets effectively.
Average Cochranville Tax Bill
$6,413
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cochranville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19330 | $3,626 | $5,091 | $6,413 | $8,241 | $9,858 |
Source: Ownwell