Abbottstown, Pennsylvania Property Taxes
The median property tax rate in Abbottstown, PA is 3.30%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Abbottstown, the typical annual property tax bill reaches $4,299, exceeding the national median of $2,690. Property taxes in Abbottstown 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 Abbottstown'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 Abbottstown 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
Abbottstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.3%
Estimate Property Tax Bill
$4,298
Ownwell’s Abbottstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbottstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbottstown 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 York County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Abbottstown, Pennsylvania
Property taxes in Abbottstown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbottstown is 3.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Abbottstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbottstown 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 Abbottstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17301 zip code has the highest median property tax rate of 3.30%, while the same zip code also has the lowest median tax rate of 3.30%. Understanding how these cities compare with Abbottstown provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbottstown Tax Rate
3.30%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbottstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17301 | 3.30% | 3.30% | 3.30% | 3.30% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Abbottstown, Pennsylvania
In Abbottstown, 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 York 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 Abbottstown, 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 Abbottstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $130,235, with the highest and lowest median tax bills both being $4,299 in the 17301 zip code.
Property Tax Assessment Values Across Abbottstown, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Abbottstown Assessed Value
$130,235
Average York County Assessed Value
$130,990
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbottstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17301 | $61,070 | $105,490 | $130,235 | $188,295 | $246,660 |
Source: Ownwell
Property Tax Bills Across Abbottstown, Pennsylvania
In Abbottstown, York County, PA, property tax bills are primarily determined by the assessed value of a home. This assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate. For instance, the median home price in Abbottstown is $130,235. Homeowners in this area can expect their annual property tax bills to range significantly based on their property's assessed value and specific circumstances. For example, tax bills can be as low as $3,482 at the 25th percentile and as high as $8,140 at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, but local rates and assessed values can cause substantial variation. High property tax bills can significantly impact homeowners, affecting their monthly mortgage payments and overall financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively and anticipate future tax obligations.
Average Abbottstown Tax Bill
$4,299
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbottstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17301 | $2,172 | $3,482 | $4,299 | $6,215 | $8,140 |
Source: Ownwell