Codorus, Pennsylvania Property Taxes
The median property tax rate in Codorus, PA is 3.55%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Codorus at $118,530, the typical annual property tax bill reaches $4,207, surpassing the national median of $2,690. Property taxes in Codorus 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 Codorus'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 Codorus 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
Codorus, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$4,208
Ownwell’s Codorus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Codorus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Codorus 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 Codorus, Pennsylvania
Property taxes in Codorus, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Codorus is 1.55%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Codorus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Codorus 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 Codorus's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17311 zip code has the highest median property tax rate of 1.55%, while the same zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Codorus 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 Codorus Tax Rate
3.55%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Codorus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17311 | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
Source: Ownwell
Property Tax Assessment Values Across Codorus, Pennsylvania
In Codorus, 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 Codorus, 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 Codorus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Codorus is $118,530, with the highest and lowest median tax bills both recorded at $4,207 in the 17311 zip code.
Average Codorus Assessed Value
$118,530
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 Codorus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17311 | $99,350 | $111,880 | $118,530 | $130,250 | $161,385 |
Source: Ownwell
Property Tax Bills Across Codorus, Pennsylvania
In Codorus, located in York County, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in Codorus face a median home price of $118,530, which serves as the basis for calculating their property taxes. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For example, the 25th percentile tax bill in Codorus is $3,971, while the 75th percentile tax bill reaches $4,623. At the 90th percentile, homeowners may pay up to $5,728 in property taxes. Compared to the national median property tax rate of 0.99%, Codorus residents experience a higher tax burden. This significant expense can impact homeowners' budgets, influencing decisions on property improvements and long-term financial planning. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Codorus Tax Bill
$4,207
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Codorus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17311 | $3,526 | $3,971 | $4,207 | $4,623 | $5,728 |
Source: Ownwell