Hallam, Pennsylvania Property Taxes
The median property tax rate in Hallam, PA is 3.73%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hallam at $112,610, the typical annual property tax bill reaches $4,174, exceeding the national median of $2,690. Property taxes in Hallam 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 Hallam'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 Hallam 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
Hallam, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.73%
Estimate Property Tax Bill
$4,200
Ownwell’s Hallam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hallam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hallam 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 Hallam, Pennsylvania
Property taxes in Hallam, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hallam is 1.76%, significantly higher than both the Pennsylvania state median of 1.58% and the U.S. national median of 0.99%. Local government entities within Hallam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hallam 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 Hallam's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17406 zip code has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Hallam 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 Hallam Tax Rate
3.73%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hallam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% |
Source: Ownwell
Property Tax Assessment Values Across Hallam, Pennsylvania
In Hallam, 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 Hallam, 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. The median home price in Hallam is $112,610, with tax bills ranging from $3,700 at the 25th percentile to $5,493 at the 90th percentile. The zip code 17406 has both the highest and lowest median tax bill at $4,174. 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 Hallam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hallam Assessed Value
$112,610
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 Hallam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | $85,048 | $99,260 | $112,610 | $129,310 | $147,914 |
Source: Ownwell
Property Tax Bills Across Hallam, Pennsylvania
In Hallam, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the York County tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $112,610, homeowners in Hallam can expect varying tax bills. The 25th percentile tax bill is $3,700, while the 75th percentile tax bill reaches $4,819, and the 90th percentile tax bill climbs to $5,493. These figures reflect the range of tax burdens homeowners might face. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Comparatively, Hallam’s tax rates result in higher property tax bills than the national median property tax rate of 0.99%. For homeowners, this means a significant portion of their annual budget must be allocated to property taxes, impacting overall affordability and financial planning.
Average Hallam Tax Bill
$4,174
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hallam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | $3,171 | $3,700 | $4,174 | $4,819 | $5,493 |
Source: Ownwell