Chadds Ford, Delaware County, Pennsylvania Property Taxes
The median property tax rate in Chadds Ford, PA is 1.96%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Chadds Ford at $417,295, the typical annual property tax bill reaches $8,891, far exceeding the national median of $2,690. Property taxes in Chadds Ford 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 Chadds Ford'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 Chadds Ford 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
Chadds Ford, Delaware County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$8,179
$7,590
Ownwell’s Chadds Ford Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chadds Ford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chadds Ford to provide an estimate of 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 Delaware County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Chadds Ford, Delaware County, Pennsylvania
Property taxes in Chadds Ford, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Chadds Ford is 1.96%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Chadds Ford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chadds Ford 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 Chadds Ford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19317 has the highest median property tax rate of 1.96%, while the lowest median tax rate is also 1.96% in the same zip code. Understanding how these areas compare with Chadds Ford provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chadds Ford Tax Rate
1.96%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chadds Ford, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19317 | 1.96% | 1.96% | 1.96% | 2.22% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Chadds Ford, Delaware County, Pennsylvania
In Chadds Ford, 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 Delaware 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 Chadds Ford, 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 Chadds Ford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,891 in the 19317 zip code, demonstrating the uniformity in tax assessments.
Property Tax Assessment Values Across Chadds Ford, Delaware County, Pennsylvania
Source: Ownwell
$40,360
$715,680
$1,391,000
Average Chadds Ford Assessed Value
$417,295
Average Delaware County Assessed Value
$197,870
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chadds Ford, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19317 | $134,880 | $273,760 | $417,295 | $552,295 | $728,070 |
Source: Ownwell
Property Tax Bills Across Chadds Ford, Delaware County, Pennsylvania
In Chadds Ford, located in Delaware County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Chadds Ford face property tax bills that can vary significantly. For instance, the tax bill for the 25th percentile is $5,893, while those in the 75th percentile see bills around $11,092. At the 90th percentile, tax bills can reach up to $14,319. These taxes are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Chadds Ford is $417,295, which provides a baseline for estimating potential tax bills. Compared to the national median property tax rate of 0.99%, Chadds Ford's rates can be considerably higher, impacting homeowners by increasing their annual financial obligations. This makes it crucial for homeowners to understand how their property taxes are calculated and explore any available relief options.
Property Tax Bills Across Chadds Ford, Delaware County, Pennsylvania
Source: Ownwell
$1,131
$14,070
$27,009
Average Chadds Ford Tax Bill
$8,891
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Chadds Ford, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19317 | $2,640 | $5,893 | $8,891 | $11,092 | $14,319 |
Source: Ownwell