Wiconisco, Pennsylvania Property Taxes
The median property tax rate in Wiconisco, PA is 3.14%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wiconisco at $40,100, the typical annual property tax bill reaches $1,258, exceeding the national median of $2,690. Property taxes in Wiconisco 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 Wiconisco'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 Wiconisco 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
Wiconisco, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$1,259
Ownwell’s Wiconisco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiconisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiconisco 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 Wiconisco, Pennsylvania
Property taxes in Wiconisco, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiconisco is 3.14%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wiconisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiconisco 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 Wiconisco's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17097 zip code has the highest median property tax rate of 3.14%, while the same zip code also has the lowest median tax rate of 3.14%. Understanding how these cities compare with Wiconisco provides valuable insights into the varying tax landscape across Dauphin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wiconisco Tax Rate
3.14%
Average Dauphin County Tax Rate
2.88%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiconisco, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17097 | 3.14% | 3.14% | 3.14% | 3.14% | 3.14% |
Source: Ownwell
Property Tax Assessment Values Across Wiconisco, Pennsylvania
In Wiconisco, 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 Dauphin 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 Wiconisco, 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. For instance, the median home price in Wiconisco is $40,100, with annual tax bills ranging from $1,049 at the 25th percentile to $2,221 at the 90th percentile. The zip code with the highest and lowest median tax bill is 17097, both at $1,258. 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 Wiconisco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wiconisco Assessed Value
$40,100
Average Dauphin County Assessed Value
$99,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wiconisco, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17097 | $20,500 | $33,450 | $40,100 | $57,150 | $70,800 |
Source: Ownwell
Property Tax Bills Across Wiconisco, Pennsylvania
In Wiconisco, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Wiconisco stands at $40,100. Homeowners then apply the local property tax rate to this assessed value to determine their tax bill. The tax rate in Dauphin County, where Wiconisco is located, is higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value and any applicable exemptions or deductions. For instance, the tax bill at the 25th percentile is $1,049, while at the 75th percentile, it rises to $1,792. At the 90th percentile, homeowners can expect to pay around $2,221. These property taxes significantly impact homeowners, affecting their overall housing costs and financial planning. Higher tax bills can strain budgets, while lower ones can provide some financial relief. Understanding these factors helps homeowners anticipate their annual expenses more accurately.
Average Wiconisco Tax Bill
$1,258
Average Dauphin County Tax Bill
$3,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiconisco, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17097 | $643 | $1,049 | $1,258 | $1,792 | $2,221 |
Source: Ownwell