Bowmansdale, Pennsylvania Property Taxes
The median property tax rate in Bowmansdale, PA is 2.02%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bowmansdale, the typical annual property tax bill reaches $4,337, exceeding the national median of $2,690. Property taxes in Bowmansdale 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 Bowmansdale'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 Bowmansdale or another part of Cumberland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bowmansdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$4,333
Ownwell’s Bowmansdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowmansdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowmansdale 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 Bowmansdale, Pennsylvania
Property taxes in Bowmansdale, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowmansdale is 2.02%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bowmansdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowmansdale 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 Bowmansdale's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17055 has both the highest and lowest median property tax rate of 2.02%. Understanding how these areas compare with Bowmansdale provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowmansdale Tax Rate
2.02%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowmansdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17055 | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Bowmansdale, Pennsylvania
In Bowmansdale, 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 Cumberland County 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 Bowmansdale, 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 Bowmansdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bowmansdale is $214,500, with the tax bills ranging from $3,910 at the 25th percentile to $5,054 at the 90th percentile. The zip code 17055 has the highest and lowest median tax bill of $4,337.
Property Tax Assessment Values Across Bowmansdale, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average Bowmansdale Assessed Value
$214,500
Average Cumberland County Assessed Value
$182,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowmansdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17055 | $181,700 | $193,400 | $214,500 | $240,500 | $249,960 |
Source: Ownwell
Property Tax Bills Across Bowmansdale, Pennsylvania
In Bowmansdale, Cumberland County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county’s tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $214,500, homeowners can expect to pay a significant amount in property taxes annually. The tax bill for the 25th percentile is around $3,910, while those in the 75th percentile can see bills as high as $4,863. Homeowners in the 90th percentile might pay approximately $5,054. These figures are influenced by the assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Bowmansdale residents often face higher tax bills, impacting their overall cost of homeownership. Understanding these factors is crucial for homeowners to budget effectively and plan for their financial future.
Average Bowmansdale Tax Bill
$4,337
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowmansdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17055 | $3,674 | $3,910 | $4,337 | $4,863 | $5,054 |
Source: Ownwell