Boiling Springs, Pennsylvania Property Taxes
The median property tax rate in Boiling Springs, PA is 1.51%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Boiling Springs at $230,200, the typical annual property tax bill reaches $3,352, exceeding the national median of $2,690. Property taxes in Boiling Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Boiling Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Boiling Springs or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boiling Springs, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$3,476
Ownwell’s Boiling Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boiling Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boiling Springs 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 Boiling Springs, Pennsylvania
Property taxes in Boiling Springs, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boiling Springs is 1.51%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Boiling Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boiling Springs 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 Boiling Springs' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17007 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these areas compare with Boiling Springs provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boiling Springs Tax Rate
1.51%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boiling Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17007 | 1.39% | 1.39% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Boiling Springs, Pennsylvania
In Boiling Springs, 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 Cumberland 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 Boiling Springs, 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 Boiling Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,352, found in zip code 17007.
Property Tax Assessment Values Across Boiling Springs, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average Boiling Springs Assessed Value
$230,200
Average Cumberland County Assessed Value
$182,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boiling Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17007 | $144,560 | $178,400 | $230,200 | $304,850 | $374,440 |
Source: Ownwell
Property Tax Bills Across Boiling Springs, Pennsylvania
Property tax bills in Boiling Springs, PA, located in Cumberland County, are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. For instance, if a home has a median price of $230,200, the assessed value would be a fraction of that amount, depending on local assessment practices. The tax rate in Boiling Springs is applied to this assessed value to calculate the annual property tax bill. Homeowners in this area experience a range of tax bills. For example, the 25th percentile tax bill is around $2,616, while the 75th percentile tax bill reaches $4,485. At the higher end, the 90th percentile tax bill can be as much as $5,582. These property taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Boiling Springs' tax bills reflect the local economic conditions and funding requirements.
Average Boiling Springs Tax Bill
$3,352
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Boiling Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17007 | $2,066 | $2,616 | $3,352 | $4,485 | $5,582 |
Source: Ownwell