Jacobus, Pennsylvania Property Taxes
The median property tax rate in Jacobus, PA is 3.46%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jacobus at $122,535, the typical annual property tax bill reaches $4,238, exceeding the national median of $2,690. Property taxes in Jacobus 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 Jacobus'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 Jacobus or another part of York County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jacobus, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.46%
Estimate Property Tax Bill
$4,240
Ownwell’s Jacobus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacobus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacobus 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 Jacobus, Pennsylvania
Property taxes in Jacobus, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacobus is 3.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jacobus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacobus 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 Jacobus's effective property tax rate to other areas and the national median. For comparison, the ZIP code 17407 has both the highest and lowest median property tax rate of 3.46%. Understanding how these areas compare with Jacobus 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 Jacobus Tax Rate
3.46%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacobus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17407 | 3.46% | 3.46% | 3.46% | 3.46% | 3.46% |
Source: Ownwell
Property Tax Assessment Values Across Jacobus, Pennsylvania
In Jacobus, 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 Jacobus, 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 Jacobus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17407 has both the highest and lowest median tax bills, each at $4,238.
Average Jacobus Assessed Value
$122,535
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 Jacobus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17407 | $80,215 | $101,805 | $122,535 | $164,888 | $207,231 |
Source: Ownwell
Property Tax Bills Across Jacobus, Pennsylvania
In Jacobus, York County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Homeowners in Jacobus face a property tax rate higher than the national median of 0.99%. For instance, with a median home price of $122,535, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $3,521, while those at the 75th percentile pay approximately $5,703. The top 10% of tax bills can reach up to $7,167. These figures highlight the financial impact property taxes can have on homeowners, influencing their overall cost of living and budgeting. The highest and lowest median tax bills in the area both stand at $4,238, found in the 17407 zip code. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Jacobus Tax Bill
$4,238
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacobus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17407 | $2,774 | $3,521 | $4,238 | $5,703 | $7,167 |
Source: Ownwell