Idaville, Pennsylvania Property Taxes
The median property tax rate in Idaville, PA is 1.69%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value in Idaville of $57,100, the typical annual property tax bill reaches $965, which is significantly below the national median of $2,690. Property taxes in Idaville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Idaville'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 Idaville or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Idaville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$965
Ownwell’s Idaville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Idaville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Idaville 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 Idaville, Pennsylvania
Property taxes in Idaville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Idaville is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Idaville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Idaville 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 Idaville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17337 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these areas compare with Idaville provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Idaville Tax Rate
1.69%
Average Adams County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Idaville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17337 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Idaville, Pennsylvania
In Idaville, 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 Adams 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 Idaville, 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 Idaville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Idaville is $57,100, with the highest and lowest median tax bills both at $965, specifically in the 17337 zip code.
Average Idaville Assessed Value
$57,100
Average Adams County Assessed Value
$207,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Idaville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17337 | $57,100 | $57,100 | $57,100 | $57,100 | $57,100 |
Source: Ownwell
Property Tax Bills Across Idaville, Pennsylvania
In Idaville, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the market value of the property and then apply an assessment ratio to arrive at the taxable value. For homeowners in Idaville, the median home price is $57,100. The property tax rate in this region is then applied to the assessed value to determine the final tax bill. Factors considered in the assessment include the home's size, location, and condition, as well as recent sales of comparable properties in the area. In Idaville, the median property tax bill is $965, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, making it crucial for them to budget accordingly. Homeowners in Idaville should be aware of their property’s assessed value and the local tax rate to understand their property tax obligations fully.
Average Idaville Tax Bill
$965
Average Adams County Tax Bill
$3,745
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Idaville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17337 | $965 | $965 | $965 | $965 | $965 |
Source: Ownwell