Modena, Pennsylvania Property Taxes
The median property tax rate in Modena, PA is 5.18%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $74,035 in Modena, the typical annual property tax bill reaches $3,552, surpassing the national median of $2,690. Property taxes in Modena 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 Modena's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Modena 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
Modena, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.18%
Estimate Property Tax Bill
$3,835
Ownwell’s Modena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Modena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Modena 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 Modena, Pennsylvania
Property taxes in Modena, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Modena is 5.18%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Modena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Modena 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 Modena's effective property tax rate to other areas in Chester County and the national median. For comparison, the zip code 19358 has the highest median property tax rate of 5.18%, while the same zip code also has the lowest median tax rate of 5.18%. Understanding how these areas compare with Modena 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 Modena Tax Rate
5.18%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Modena, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19358 | 4.70% | 4.81% | 5.18% | 5.22% | 5.22% |
Source: Ownwell
Property Tax Assessment Values Across Modena, Pennsylvania
In Modena, 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 Modena, 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 highest median tax bill in the area is $3,552 in the 19358 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 Modena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Modena Assessed Value
$74,035
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 Modena, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19358 | $45,589 | $57,190 | $74,035 | $90,815 | $114,083 |
Source: Ownwell
Property Tax Bills Across Modena, Pennsylvania
In Modena, located in Chester County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county and may not always align with the current market value. Homeowners in Modena experience a range of property tax bills, with the 25th percentile at $2,880 and the 75th percentile reaching $4,449. The tax bill can go as high as $5,877 for the 90th percentile. Comparatively, the highest median tax bill in the area stands at $3,552, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax bill is calculated is crucial, as it directly impacts their annual expenses and overall financial planning. The assessed value and local tax rate are pivotal factors that determine the final tax bill, influencing the affordability and desirability of owning property in Modena.
Average Modena Tax Bill
$3,552
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Modena, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19358 | $2,377 | $2,880 | $3,552 | $4,449 | $5,877 |
Source: Ownwell