Danville, Pennsylvania Property Taxes
The median property tax rate in Danville, PA is 4.96%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Danville at $155,400, the typical annual property tax bill reaches $7,703, far exceeding the national median of $2,690. Property taxes in Danville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Danville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Danville 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
Danville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.96%
Estimate Property Tax Bill
$7,708
Ownwell’s DANVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DANVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DANVILLE 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 Danville, Pennsylvania
Property taxes in Danville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danville is 4.96%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Danville set these rates annually, and they can vary across different neighborhoods. Each year, Danville 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 Danville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17821 has both the highest and lowest median property tax rate of 4.96%. Understanding how these areas compare with Danville provides valuable insights into the varying tax landscape across Montour County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danville Tax Rate
4.96%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17821 | 4.96% | 4.96% | 4.96% | 4.96% | 4.96% |
Source: Ownwell
Property Tax Assessment Values Across Danville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Danville, Pennsylvania. 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 local appraisal district 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 Danville, 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. For instance, the highest and lowest median tax bills in Danville are both $7,703, found in zip code 17821. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Danville Assessed Value
$155,400
Average Chester County Assessed Value
$166,835
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17821 | $155,400 | $155,400 | $155,400 | $155,400 | $155,400 |
Source: Ownwell
Property Tax Bills Across Danville, Pennsylvania
In Danville, Montour 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 assessor and reflects a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. Danville's property tax rate is compared to the national median of 0.99%, providing a benchmark for homeowners. For instance, a home with a median price of $155,400 would have its tax bill calculated using the local tax rate applied to its assessed value. This tax bill can significantly impact homeowners, influencing their overall housing costs and budgeting. In Danville, property tax bills can range widely, but the highest and lowest median tax bills recorded are the same at $7,703, indicating a uniformity in tax assessments within the area. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Danville Tax Bill
$7,703
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Danville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17821 | $7,703 | $7,703 | $7,703 | $7,703 | $7,703 |
Source: Ownwell