Paoli, Pennsylvania Property Taxes
The median property tax rate in Paoli, PA is 3.31%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value in Paoli at $174,790, the typical annual property tax bill reaches $5,361, far exceeding the national median of $2,690. Property taxes in Paoli are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Paoli'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 Paoli 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
Paoli, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$5,786
Ownwell’s Paoli Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer aiming to estimate their annual property taxes in Paoli with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Paoli to provide an accurate estimate of your property tax bill. This powerful tool helps you understand your potential tax liabilities clearly. For those interested in more granular insights, we offer localized information on neighborhood trends. Your property’s assessed value, determined by Chester County, is crucial for accurate property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Paoli, Pennsylvania
Property taxes in Paoli, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Paoli is 3.31%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Paoli set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paoli 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 Paoli's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19301 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 figures compare with Paoli 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 Paoli 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 Paoli, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19301 | 2.64% | 2.64% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Paoli, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paoli, Pennsylvania. The market value represents 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 Paoli, 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. The median home price in Paoli stands at $174,790, with tax bills ranging from $3,972 at the 25th percentile to $11,134 at the 90th percentile. The zip code 19301 has the highest median tax bill of $5,361. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paoli Assessed Value
$174,790
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 Paoli, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19301 | $111,228 | $134,970 | $174,790 | $253,792 | $340,655 |
Source: Ownwell
Property Tax Bills Across Paoli, Pennsylvania
In Paoli, Chester County, PA, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Paoli experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $3,972, while at the 75th percentile, it rises to around $8,349. For those in the 90th percentile, the tax bill can reach as high as $11,134. The median home price in Paoli is $174,790, which helps contextualize these tax amounts. Compared to the national median property tax rate of 0.99%, Chester County's property tax rates can be relatively high, impacting homeowners by potentially increasing their annual financial obligations. This variation underscores the importance of understanding local property tax calculations and their implications on homeownership.
Average Paoli Tax Bill
$5,361
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Paoli, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19301 | $3,204 | $3,972 | $5,361 | $8,349 | $11,134 |
Source: Ownwell