Phoenixville, Pennsylvania Property Taxes
The median property tax rate in Phoenixville, PA is 3.68%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Phoenixville at $212,340, the typical annual property tax bill reaches $7,814, far exceeding the national median of $2,690. Property taxes in Phoenixville 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 Phoenixville'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 Phoenixville 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
Phoenixville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.68%
Estimate Property Tax Bill
$7,814
Ownwell’s Phoenixville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Phoenixville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Phoenixville 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 Phoenixville, Pennsylvania
Property taxes in Phoenixville, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Phoenixville is 2.02%, considerably higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Phoenixville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Phoenixville 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 Phoenixville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19460 zip code has the highest median property tax rate of 2.02%, while the lowest median tax rate is also 2.02%. Understanding how these cities compare with Phoenixville 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 Phoenixville Tax Rate
3.68%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phoenixville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19460 | 3.68% | 3.68% | 3.68% | 3.68% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Phoenixville, Pennsylvania
In Phoenixville, 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 Montgomery 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 Phoenixville, 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 Phoenixville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19460 has a median tax bill of $7,814.
Property Tax Assessment Values Across Phoenixville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Phoenixville Assessed Value
$212,340
Average Montgomery County Assessed Value
$143,105
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phoenixville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19460 | $116,595 | $161,210 | $212,340 | $284,032 | $346,225 |
Source: Ownwell
Property Tax Bills Across Phoenixville, Pennsylvania
In Phoenixville, located in Montgomery 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 assessor and is meant to reflect the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Phoenixville experience a range of property tax bills. For instance, the 25th percentile tax bill is approximately $5,961, while the 75th percentile tax bill reaches around $10,456. At the 90th percentile, homeowners can expect to pay up to $12,699. The highest median tax bill in the area is $7,814, which aligns with the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, as they must budget for these expenses annually. Higher property taxes can influence decisions on home purchases, renovations, and overall financial planning, making it essential for homeowners to understand how their tax bills are determined.
Average Phoenixville Tax Bill
$7,814
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Phoenixville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19460 | $4,334 | $5,961 | $7,814 | $10,456 | $12,699 |
Source: Ownwell