Parkesburg, Pennsylvania Property Taxes
The median property tax rate in Parkesburg, PA is 5.15%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Parkesburg at $110,675, the typical annual property tax bill reaches $5,759, far exceeding the national median of $2,690. Property taxes in Parkesburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Parkesburg'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 Parkesburg 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
Parkesburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.15%
Estimate Property Tax Bill
$5,700
Ownwell’s Parkesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parkesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parkesburg 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 Parkesburg, Pennsylvania
Property taxes in Parkesburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parkesburg is 5.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Parkesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parkesburg 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 Parkesburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19365 has the highest median property tax rate of 5.15%, while the same zip code also has the lowest median tax rate of 5.15%. Understanding how these areas compare with Parkesburg 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 Parkesburg Tax Rate
5.15%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parkesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19365 | 4.59% | 4.89% | 5.15% | 6.00% | 6.00% |
Source: Ownwell
Property Tax Assessment Values Across Parkesburg, Pennsylvania
In Parkesburg, 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 Parkesburg, 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 instance, the median home price in Parkesburg is $110,675. The 25th percentile tax bill is $4,755, while the 75th percentile tax bill reaches $7,215, and the 90th percentile tax bill is $8,736. The highest and lowest median tax bills in Parkesburg are both $5,759, located in zip code 19365. 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 Parkesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Parkesburg, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Parkesburg Assessed Value
$110,675
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 Parkesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19365 | $67,630 | $87,382 | $110,675 | $135,708 | $171,435 |
Source: Ownwell
Property Tax Bills Across Parkesburg, Pennsylvania
In Parkesburg, 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 Chester County Assessor's office and is a percentage of the home's market value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the tax bill, including the home's location, size, and condition. In Parkesburg, the median home price is $110,675, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $4,755, while at the 75th percentile, it rises to $7,215. The 90th percentile tax bill reaches $8,736. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. While the national median property tax rate is 0.99%, homeowners in Parkesburg may experience higher rates, impacting their overall cost of living and homeownership affordability.
Average Parkesburg Tax Bill
$5,759
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Parkesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19365 | $3,635 | $4,755 | $5,759 | $7,215 | $8,736 |
Source: Ownwell