East Waterford, Pennsylvania Property Taxes
The median property tax rate in East Waterford, PA is 1.00%, slightly higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value in East Waterford of $83,700, the typical annual property tax bill amounts to $837, which is considerably less than the national median of $2,690. Property taxes in East Waterford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding East Waterford's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of East Waterford or another part of Perry County, having a grasp of the local property tax system will be beneficial.
Last Updated June 14, 2024
East Waterford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$837
Ownwell’s EAST WATERFORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST WATERFORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST WATERFORD 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 East Waterford, Pennsylvania
Property taxes in East Waterford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Waterford is 1.00%, which is higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Waterford set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Waterford 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 East Waterford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17021 zip code has the highest median property tax rate of 1.00%, while the 17021 zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with East Waterford provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Waterford Tax Rate
1.00%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Waterford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17021 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across East Waterford, Pennsylvania
In East Waterford, 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 Perry 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 East Waterford, 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 East Waterford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Perry County is $83,700, with tax bills ranging from $410 at the 25th percentile to $2,726 at the 90th percentile.
Property Tax Assessment Values Across East Waterford, Pennsylvania
Source: Ownwell
$42,600
$106,125
$169,650
Average East Waterford Assessed Value
$83,700
Average Perry County Assessed Value
$142,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Waterford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17021 | $16,250 | $40,950 | $83,700 | $182,150 | $272,630 |
Source: Ownwell
Property Tax Bills Across East Waterford, Pennsylvania
In East Waterford, Perry County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value, which is typically a percentage of the market value, is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $83,700, homeowners can expect property tax bills ranging from $410 at the 25th percentile to $2,726 at the 90th percentile. Compared to the national median property tax rate of 0.99%, East Waterford's rates reflect a range that can significantly impact homeowners' finances. Factors such as local government budgets, school funding needs, and community services all influence the tax rate. Higher property tax bills can affect homeowners by increasing the overall cost of owning a home, potentially influencing decisions on buying, selling, or investing in property improvements.
Average East Waterford Tax Bill
$837
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Waterford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17021 | $163 | $410 | $837 | $1,822 | $2,726 |
Source: Ownwell