What are the property taxes in West Chester Pa?
Real Estate taxes are levied on all real property within the Borough of West Chester. The millage rate is 7.40. Of this 7.40 rate, 6.96 mills is for General purposes, .
How are property taxes calculated in Chester County PA?
The formula to calculate real property tax is: Assessment x millage = tax (face amount). For example: The County millage is the same for all municipalities, therefore the County Tax for a property with an assessed value of $100,000 and a rate of 4.551 mills would be calculated as follows: 100,000 X .
How is assessed value determined in PA?
Each county assigns an assessed value for a property based on a ratio (known as the common-level ratio) of a base year. The common-level ratio for each county is determined and published each year in mid-summer (effective the following tax year) by the Pennsylvania State Tax Equalization Board (S.T.E.B.).
What is an assessment on property?
A tax assessment determines the value of a piece of real estate. Tax assessment is usually conducted by a government assessor who uses the assessed value of a property to calculate the amount of tax due on it. Regardless of the type of home you own, you can expect to pay property taxes.
How are home assessments calculated?
After determining the market value of the property, the assessed value will be arrived at by taking its actual value and multiplying it by an assessment rate. For example, suppose the assessor determines that your property value is $500,000 and the assessment rate is 8%. The assessed value would be $40,000.
Where is the assessment office in Chester County PA?
Find 15 external resources related to Chester County Assessment. The Chester County Assessment, located in West Chester, Pennsylvania, determines the value of all taxable property in Chester County, PA.
What are real estate taxes in West Chester PA?
Real Estate taxes are levied on all real property within the Borough of West Chester. The millage rate is 7.40. Of this 7.40 rate, 6.96 mills is for General purposes, .29 mills is for Debt purposes and .15 mills is for the Library.
What kind of property is in Chester County?
Taxable property includes land and commercial properties, often referred to as real property or real estate, and fixed assets owned by businesses, often referred to as personal property. Property assessments performed by the Assessor are used to determine the Chester County property taxes owed by individual taxpayers.
Where do I get my Chester County PA tax bill?
Tax bills are mailed to all property owners in February of each year. Real Estate taxes are collected for the Borough by the Chester County Treasurer’s Office. The Chester County Treasurer’s Office can be contacted at 313 West Market Street, West Chester, PA 19380. Telephone: 610-344-6000. Website: https://www.chesco.org