Mount Holly Springs, Pennsylvania Property Taxes
The median property tax rate in Mount Holly Springs, PA is 1.93%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mount Holly Springs, the typical annual property tax bill reaches $2,761, exceeding the national median of $2,690. Property taxes in Mount Holly Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Holly 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 Mount Holly 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
Mount Holly Springs, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$2,966
Ownwell’s Mount Holly Springs Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Mount Holly Springs. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Mount Holly Springs to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, enabling better financial planning. For those interested in more localized information, scrolling down reveals trends at a neighborhood level. Your property’s assessed value, determined by Cumberland County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Mount Holly Springs, Pennsylvania
Property taxes in Mount Holly 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 Mount Holly Springs is 1.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Holly Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Holly 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 Mount Holly Springs' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Cumberland County is also 1.93%, found in the zip code 17065, while the lowest median tax rate is the same at 1.93%, also in the zip code 17065. Understanding how these cities compare with Mount Holly 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 Mount Holly Springs Tax Rate
1.93%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Holly Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17065 | 1.51% | 1.51% | 1.93% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Mount Holly Springs, Pennsylvania
In Mount Holly 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 Mount Holly 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 Mount Holly Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mount Holly Springs is $2761, found in zip code 17065. The lowest median tax bill is also $2761, in the same zip code.
Property Tax Assessment Values Across Mount Holly Springs, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average Mount Holly Springs Assessed Value
$153,700
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 Mount Holly Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17065 | $68,440 | $116,650 | $153,700 | $204,575 | $254,200 |
Source: Ownwell
Property Tax Bills Across Mount Holly Springs, Pennsylvania
In Mount Holly Springs, Cumberland County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $153,700, homeowners in this area can expect varying tax bills. At the 25th percentile, the tax bill is around $2,192, while at the 75th percentile, it rises to approximately $3,492. Those in the 90th percentile could see tax bills as high as $4,111. These property tax rates in Mount Holly Springs are slightly above the national median property tax rate of 0.99%, reflecting the local government's funding needs for public services such as schools, infrastructure, and emergency services. Homeowners must consider these taxes as a significant part of their annual expenses, influencing their overall cost of living and financial planning.
Average Mount Holly Springs Tax Bill
$2,761
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Holly Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17065 | $1,169 | $2,192 | $2,761 | $3,492 | $4,111 |
Source: Ownwell