How much are property taxes in Wallace Township, PA?
Homeowners in Wallace Township, PA pay a median of $7,364 (±$643) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $7,735.
Homes without a mortgage pay a median of $6,799.
That is about 1.2% of the median home value of $592,900.
In Wallace Township, the median real estate tax went from $6,367 in 2015–2019 to $7,364 in 2020–2024 (+15.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $7,364 (±$643)
- With a mortgage
- $7,735
- Without a mortgage
- $6,799
- Share of median value
- 1.2%
Real estate taxes in Wallace Township against Chester County, its state and the nation
| Wallace Township | Chester County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median real estate taxes | $7,364 (±$643) | $6,308 (±$63) | $3,311 (±$12) | $3,119 |
| Homes with a mortgage | $7,735 (±$971) | $6,494 (±$70) | $3,649 (±$16) | $3,489 |
| Homes without a mortgage | $6,799 (±$767) | $5,892 (±$122) | $2,819 (±$17) | $2,576 |
| Median home value | $592,900 (±$37,947) | $485,600 (±$4,003) | $254,500 (±$767) | $332,700 |
In Wallace Township, the median real estate tax is higher than in Chester County ($6,308).
It is also higher than in Pennsylvania ($3,311).
It is higher than the national figure ($3,119).
In Chester County, Wallace Township ranks 18 of 73 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 56 of 2,546.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Wallace Township
The median tax ($7,364) is 1.2% of the median home value ($592,900).
Across Chester County the same ratio is 1.3%.
Across Pennsylvania it is 1.3%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Wallace Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $6,367 (±$356) | $7,364 (±$643) | +15.7% | No measurable change after inflation |
| Median home value | $438,000 (±$25,527) | $592,900 (±$37,947) | +35.4% | Up after inflation |
| Median owner cost with a mortgage | $2,720 (±$164) | $2,673 (±$262) | −1.7% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Wallace Township
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Wallace Township | — | $7,364 (±$643) | — |
| West Brandywine Township | 3.3 mi | $6,531 (±$365) | Lower |
| East Nantmeal Township | 3.5 mi | $8,614 (±$1,000) | Higher |
| West Nantmeal Township | 3.6 mi | $6,031 (±$353) | Lower |
| Upper Uwchlan Township | 3.6 mi | $7,216 (±$365) | Not measurably different |
| East Brandywine Township | 3.7 mi | $7,755 (±$754) | Not measurably different |
| Eagleview | 5.3 mi | $8,272 (±$319) | Higher |
| Elverson | 5.7 mi | $5,313 (±$392) | Lower |
| Caln Township | 5.7 mi | $5,484 (±$458) | Lower |
Nearby places with a measurably lower figure: West Brandywine Township, PA ($6,531), West Nantmeal Township, PA ($6,031), Elverson, PA ($5,313).
Nearby places with a measurably higher figure: East Nantmeal Township, PA ($8,614), Eagleview, PA ($8,272).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Chester County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 12 | East Marlborough Township | $8,062 (±$448) |
| 13 | East Brandywine Township | $7,755 (±$754) |
| 14 | Charlestown Township | $7,721 (±$1,271) |
| 15 | Franklin Township (Chester County) | $7,682 (±$1,031) |
| 16 | Londonderry Township (Chester County) | $7,566 (±$653) |
| 17 | Newlin Township | $7,480 (±$2,585) |
| 18 | Wallace Township | $7,364 (±$643) |
| 19 | East Vincent Township | $7,343 (±$865) |
| 20 | Tredyffrin Township | $7,320 (±$427) |
| 21 | New London Township | $7,301 (±$482) |
| 22 | Upper Uwchlan Township | $7,216 (±$365) |
| 23 | Penn Township (Chester County) | $7,144 (±$531) |
| 24 | East Fallowfield Township (Chester County) | $7,079 (±$512) |
Showing 13 of 73 places in Chester County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Wallace Township
How much are property taxes in Wallace Township?
The median real estate tax paid by homeowners in Wallace Township, PA is $7,364 (±$643) a year (2020–2024 American Community Survey).
What is the property tax rate in Wallace Township?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.2% of the median home value in Wallace Township, and the actual rate is set by the town, county and school district.
Have property taxes in Wallace Township gone up?
In Wallace Township, the median real estate tax went from $6,367 in 2015–2019 to $7,364 in 2020–2024 (+15.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Wallace Township higher than in Chester County?
In Wallace Township, the median real estate tax is higher than in Chester County ($6,308).
It is also higher than in Pennsylvania ($3,311).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Wallace township, Chester County, Pennsylvania (county subdivision:80616, in state:42 county:029).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Wallace Township at a glance
- Income and affordability in Wallace Township
- Home values in Wallace Township
- Homeowner costs in Wallace Township
- Types of homes in Wallace Township
- Age of homes in Wallace Township
- Heating fuel in Wallace Township
- Commute and cars in Wallace Township
- Population growth in Wallace Township
- How long people stay in Wallace Township
- Fair Market Rent in Wallace Township
- Pennsylvania landlord and tenant rules
- Housing across Chester County
- Pennsylvania places ranked by property taxes
- Housing data for every place in Pennsylvania