Oxford, Chester County, Pennsylvania Property Taxes
The median property tax rate in Oxford, PA is 3.92%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $134,860 in Oxford, the typical annual property tax bill reaches $5,467, far exceeding the national median of $2,690. Property taxes in Oxford are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Oxford'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 Oxford 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
Oxford, Chester County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.92%
Estimate Property Tax Bill
$5,287
$4,906
Ownwell’s Oxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxford 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 Oxford, Chester County, Pennsylvania
Property taxes in Oxford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxford is 3.92%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Oxford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oxford 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 Oxford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19363 zip code has the highest median property tax rate of 3.92%, while the same zip code also has the lowest median tax rate of 3.92%. Understanding how these cities compare with Oxford 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 Oxford Tax Rate
3.92%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxford, Chester County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19363 | 3.42% | 3.77% | 3.92% | 3.97% | 5.12% |
Source: Ownwell
Property Tax Assessment Values Across Oxford, Chester County, Pennsylvania
In Oxford, 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 Chester County 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 Oxford, 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 Oxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,467 in zip code 19363, which is also the lowest median tax bill in the same zip code.
Property Tax Assessment Values Across Oxford, Chester County, Pennsylvania
Source: Ownwell
$74,035
$221,953
$369,870
Average Oxford Assessed Value
$134,860
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 Oxford, Chester County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19363 | $70,348 | $97,915 | $134,860 | $169,280 | $203,126 |
Source: Ownwell
Property Tax Bills Across Oxford, Chester County, Pennsylvania
Property tax bills in Oxford, Chester County, PA, are calculated based on the assessed value of a property, which is determined by local government assessments. The tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. For homeowners in Oxford, the median home price is $134,860, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $4,049, while those in the 75th percentile may see bills as high as $6,694. At the 90th percentile, tax bills can reach up to $7,881. These amounts are notably higher than the national median property tax rate of 0.99%, reflecting the local government's funding needs and property values. The highest and lowest median tax bills in the area both stand at $5,467, indicating a relatively uniform tax burden across different properties. This variation in tax bills significantly impacts homeowners, influencing their financial planning and overall housing affordability.
Average Oxford Tax Bill
$5,467
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxford, Chester County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19363 | $3,012 | $4,049 | $5,467 | $6,694 | $7,881 |
Source: Ownwell