Ringtown, Pennsylvania Property Taxes
The median property tax rate in Ringtown, PA is 3.51%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ringtown at $68,445, the typical annual property tax bill reaches $2,400, which is below the national median of $2,690. Property taxes in Ringtown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ringtown'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 Ringtown or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ringtown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.51%
Estimate Property Tax Bill
$2,402
Ownwell’s Ringtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ringtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ringtown 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 Ringtown, Pennsylvania
Property taxes in Ringtown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ringtown is 3.51%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ringtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ringtown 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 Ringtown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17967 zip code has the highest median property tax rate of 3.51%, while the same zip code also has the lowest median tax rate of 3.51%. Understanding how these cities compare with Ringtown provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ringtown Tax Rate
3.51%
Average Columbia County Tax Rate
3.65%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ringtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17967 | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% |
Source: Ownwell
Property Tax Assessment Values Across Ringtown, Pennsylvania
In Ringtown, 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 Columbia 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 Ringtown, 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 Ringtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17967 has the highest and lowest median tax bill, both recorded at $2,400.
Average Ringtown Assessed Value
$68,445
Average Columbia County Assessed Value
$60,804
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ringtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17967 | $30,128 | $36,655 | $68,445 | $81,294 | $97,011 |
Source: Ownwell
Property Tax Bills Across Ringtown, Pennsylvania
Property tax bills in Ringtown, located in Columbia County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Ringtown, the median home price is $68,445, and the property tax rate is a significant factor in determining the overall tax burden for homeowners. Homeowners in Ringtown can expect a wide range of tax bills depending on their property's assessed value. The 25th percentile tax bill is $1,285, while the 75th percentile reaches $2,850. For those at the 90th percentile, the tax bill can be as high as $3,401. These figures highlight the variability in tax obligations, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, the tax rates in Ringtown may present a higher or lower financial burden depending on individual property assessments and local tax policies.
Average Ringtown Tax Bill
$2,400
Average Columbia County Tax Bill
$2,229
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17967 | $1,056 | $1,285 | $2,400 | $2,850 | $3,401 |
Source: Ownwell