Ickesburg, Pennsylvania Property Taxes
The median property tax rate in Ickesburg, PA is 1.20%, which is notably higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $116,600 in Ickesburg, the typical annual property tax bill amounts to $1,399, which is below the national median of $2,690. Property taxes in Ickesburg are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Ickesburg's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in the central part of Ickesburg or its surrounding areas, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Ickesburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,399
Ownwell’s Ickesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ickesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ickesburg 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 Ickesburg, Pennsylvania
Property taxes in Ickesburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ickesburg is 1.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ickesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ickesburg 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 Ickesburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17037 zip code has the highest median property tax rate of 1.20%, while the 17037 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Ickesburg 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 Ickesburg Tax Rate
1.20%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ickesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17037 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Ickesburg, Pennsylvania
In Ickesburg, 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 Ickesburg, 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 Ickesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ickesburg is $1,399 in the 17037 zip code.
Average Ickesburg Assessed Value
$116,600
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 Ickesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17037 | $46,720 | $74,300 | $116,600 | $176,850 | $304,800 |
Source: Ownwell
Property Tax Bills Across Ickesburg, Pennsylvania
In Ickesburg, located in Perry County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $116,600, property tax bills can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $892, while those in the 75th percentile may see bills as high as $2,122. At the 90th percentile, property tax bills can reach up to $3,658. The local median tax bill in Ickesburg stands at $1,399, which is notably higher than the national median property tax rate of 0.99%. This means that homeowners in this area may find themselves paying more than the average American homeowner. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life and community well-being.
Average Ickesburg Tax Bill
$1,399
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ickesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17037 | $561 | $892 | $1,399 | $2,122 | $3,658 |
Source: Ownwell