York New Salem, Pennsylvania Property Taxes
The median property tax rate in York New Salem, PA is 3.25%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in York New Salem at $104,680, the typical annual property tax bill reaches $3,401, exceeding the national median of $2,690. Property taxes in York New Salem 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 York New Salem'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 York New Salem 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
York New Salem, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.25%
Estimate Property Tax Bill
$3,402
Ownwell’s York New Salem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in York New Salem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in York New Salem 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 York New Salem, Pennsylvania
Property taxes in York New Salem, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in York New Salem is 1.55%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within York New Salem set these rates annually, and they can vary significantly across different neighborhoods. Each year, York New Salem 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 York New Salem's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17371 zip code has the highest median property tax rate of 1.55%, while the 17371 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with York New Salem 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 York New Salem Tax Rate
3.25%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across York New Salem, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17371 | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across York New Salem, Pennsylvania
In York New Salem, 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. Assessment notices in York New Salem 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 York New Salem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17371 has the highest and lowest median tax bill at $3,401.
Property Tax Assessment Values Across York New Salem, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average York New Salem Assessed Value
$104,680
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 York New Salem, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17371 | $71,302 | $85,930 | $104,680 | $119,560 | $134,066 |
Source: Ownwell
Property Tax Bills Across York New Salem, Pennsylvania
In York New Salem, PA, property tax bills are calculated by multiplying the assessed value of a home by the local property tax rate. The assessed value is determined by the county and typically reflects a percentage of the property's market value. Homeowners in York County face a median property tax rate of 0.99%, which aligns with the national average. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, a median home price in York New Salem is around $104,680. With this value, homeowners might expect a tax bill ranging from $2,792 at the 25th percentile to $4,356 at the 90th percentile. The highest median tax bill reported in the area is $3,401. These property taxes fund essential community services such as schools, public safety, and infrastructure. Consequently, while higher property taxes can be a burden, they directly contribute to maintaining and improving the quality of life within the community.
Average York New Salem Tax Bill
$3,401
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across York New Salem, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17371 | $2,317 | $2,792 | $3,401 | $3,885 | $4,356 |
Source: Ownwell