Exton, Pennsylvania Property Taxes
The median property tax rate in Exton, PA is 3.25%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $175,740 in Exton, the typical annual property tax bill reaches $5,466, far exceeding the national median of $2,690. Property taxes in Exton are calculated based on the tax-assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Exton'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 Exton 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
Exton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.25%
Estimate Property Tax Bill
$5,712
Ownwell’s Exton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Exton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Exton 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 Exton, Pennsylvania
Property taxes in Exton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Exton is 3.25%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Exton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Exton 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 Exton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19341 zip code has the highest median property tax rate of 3.25%, while the 19341 zip code also has the lowest median tax rate of 3.25%. Understanding how these cities compare with Exton 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 Exton Tax Rate
3.25%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Exton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19341 | 2.65% | 2.77% | 3.25% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Exton, Pennsylvania
In Exton, 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 Exton, 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 Exton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $5,466 in the 19341 zip code, while the lowest median tax bill is also $5,466 in the same zip code.
Average Exton Assessed Value
$175,740
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 Exton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19341 | $103,394 | $136,590 | $175,740 | $236,000 | $314,734 |
Source: Ownwell
Property Tax Bills Across Exton, Pennsylvania
In Exton, Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in this region, the tax bill can vary significantly. For instance, the median home price in Exton is $175,740. At the 25th percentile, homeowners might expect to pay around $3,989 annually, while those at the 75th percentile could see bills as high as $7,028. The top 10% of taxpayers may face bills nearing $8,875. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Exton's tax rates reflect the region's commitment to maintaining robust public services. Homeowners should be aware of these factors as they can significantly influence their overall housing costs.
Average Exton Tax Bill
$5,466
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Exton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19341 | $3,290 | $3,989 | $5,466 | $7,028 | $8,875 |
Source: Ownwell