Your home’s property taxes are a revenue source for county government, 14 school
districts and most of the 73 municipalities in Chester County.It is the responsibility of the County Assessment Office to place a value on each parcel of land and any improvements (structures) thereon.Assessments are derived by assessors who are state certified under Pennsylvania law.There was a Chester County-wide re-assessment in 1998.The common level ratio (which is the means by which the assessor’s office makes values today equal to 1998) is 52% in 2009. A quick formula: HOME VALUE x 52% = Assessment.
Tofind the assessed value of your home, call the Chester County Dept. of Assessment at 610-344-6105 to determine whether or not you should appeal. With falling home prices, homeowners across Chester Co. are appealing their assessments to reflect current values.For some,this may bethe only bright spot in today’s Real Estate Market!Properties are assessed — or re-assessed — when built (new construction) or with a taxable improvement, such as an addition of a room, garage or major improvement.All property owners have the right to appeal if they do not agree with the
assessment of their property.
Annual appeals may be filed May 1 through August 1 so don’t delay! If you need assistance with an appraisal for the appeal process, visit the site below:
