Cheyney, Delaware County, Pennsylvania Property Taxes
The median property tax rate in Cheyney, PA is 1.29%, which is higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $422,950 in Cheyney, the typical annual property tax bill reaches $5,470, far exceeding the national median of $2,690. Property taxes in Cheyney are calculated based on the tax assessed value, often falling below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Cheyney'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 Cheyney 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
Cheyney, Delaware County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$5,456
$5,063
Ownwell’s Cheyney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cheyney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cheyney 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 Cheyney, Delaware County, Pennsylvania
Property taxes in Cheyney, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cheyney is 1.29%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cheyney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cheyney 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 Cheyney's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19319 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Cheyney 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 Cheyney Tax Rate
1.29%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cheyney, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19319 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Cheyney, Delaware County, Pennsylvania
In Cheyney, 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 Cheyney, 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 Cheyney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $5,470 in the 19319 zip code, which also has the lowest median tax bill.
Property Tax Assessment Values Across Cheyney, Delaware County, Pennsylvania
Source: Ownwell
$40,360
$715,680
$1,391,000
Average Cheyney Assessed Value
$422,950
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 Cheyney, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19319 | $266,240 | $315,210 | $422,950 | $520,390 | $705,000 |
Source: Ownwell
Property Tax Bills Across Cheyney, Delaware County, Pennsylvania
In Cheyney, Delaware 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 county's property assessor and is meant to reflect the market value of the property. Homeowners in Cheyney face a median property tax bill of $5,470, which can vary significantly. For example, the tax bill at the 25th percentile is $4,077, while at the 75th percentile, it rises to $6,730, and at the 90th percentile, it reaches $9,118. These tax bills are influenced by several factors, including property size, location, and any improvements made to the home. Compared to the national median property tax rate of 0.99%, Cheyney's rates can have a substantial impact on homeowners' finances. High property taxes can affect affordability and the overall cost of owning a home in this area. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Cheyney Tax Bill
$5,470
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cheyney, Delaware County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19319 | $3,443 | $4,077 | $5,470 | $6,730 | $9,118 |
Source: Ownwell