Shrewsbury, Pennsylvania Property Taxes
The median property tax rate in Shrewsbury, PA is 2.85%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Shrewsbury at $170,390, the typical annual property tax bill reaches $4,765, exceeding the national median of $2,690. Property taxes in Shrewsbury 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 Shrewsbury'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 Shrewsbury 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
Shrewsbury, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$4,856
Ownwell’s Shrewsbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shrewsbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shrewsbury 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 Shrewsbury, Pennsylvania
Property taxes in Shrewsbury, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shrewsbury is 2.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shrewsbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shrewsbury 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 Shrewsbury's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17361 zip code has the highest median property tax rate of 2.85%, while the 17361 zip code also has the lowest median tax rate of 2.85%. Understanding how these cities compare with Shrewsbury 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 Shrewsbury Tax Rate
2.85%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shrewsbury, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17361 | 2.69% | 2.69% | 2.85% | 2.85% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Shrewsbury, Pennsylvania
In Shrewsbury, 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 Shrewsbury, 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 Shrewsbury is $170,390, with tax bills ranging from the 25th percentile at $4,112 to the 75th percentile at $6,636, and the 90th percentile reaching $8,088. The highest median tax bill in the area is $4,765 in the 17361 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Shrewsbury, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Shrewsbury Assessed Value
$170,390
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 Shrewsbury, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17361 | $127,513 | $147,315 | $170,390 | $237,884 | $290,757 |
Source: Ownwell
Property Tax Bills Across Shrewsbury, Pennsylvania
In Shrewsbury, located in York County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county's property assessment office and may not necessarily reflect the current market value. Homeowners in Shrewsbury experience a range of property tax bills, with the 25th percentile at $4,112 and the 75th percentile reaching $6,636. The 90th percentile tax bill can go up to $8,088, illustrating significant variability depending on the property's assessed value. Comparatively, the national median property tax rate is 0.99%, making Shrewsbury's property tax rates relatively high. The highest and lowest median tax bills in the area both stand at $4,765, located in the 17361 zip code. This high property tax burden can significantly affect homeowners' annual expenses, making it essential for them to understand how their tax bill is determined and to explore potential appeal and exemption options.
Average Shrewsbury Tax Bill
$4,765
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shrewsbury, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17361 | $3,550 | $4,112 | $4,765 | $6,636 | $8,088 |
Source: Ownwell