Shermans Dale, Pennsylvania Property Taxes
The median property tax rate in Shermans Dale, PA is 1.58%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Shermans Dale at $141,100, the typical annual property tax bill reaches $2,234, which is below the national median of $2,690. Property taxes in Shermans Dale 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 Shermans Dale'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 Shermans Dale 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
Shermans Dale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,229
Ownwell’s Shermans Dale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shermans Dale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shermans Dale 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 Shermans Dale, Pennsylvania
Property taxes in Shermans Dale, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shermans Dale is 1.58%, which is higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shermans Dale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shermans Dale 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 Shermans Dale's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17090 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these areas compare with Shermans Dale 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 Shermans Dale Tax Rate
1.58%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shermans Dale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17090 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Shermans Dale, Pennsylvania
In Shermans Dale, 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 Cumberland County 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 Shermans Dale, 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 Shermans Dale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $2234.00, both found in the 17090 zip code.
Property Tax Assessment Values Across Shermans Dale, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average Shermans Dale Assessed Value
$141,100
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 Shermans Dale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17090 | $74,300 | $113,150 | $141,100 | $208,725 | $237,100 |
Source: Ownwell
Property Tax Bills Across Shermans Dale, Pennsylvania
In Shermans Dale, Cumberland 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 is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Shermans Dale, the median home price is $141,100. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,791 and the 75th percentile tax bill reaching $3,305. At the 90th percentile, homeowners might see a tax bill as high as $3,754. Compared to the national median property tax rate of 0.99%, the figures in Shermans Dale suggest a range of tax burdens that can impact homeowners differently, depending on their property's assessed value. This variability highlights the importance of understanding local property tax assessments and rates when budgeting for homeownership.
Average Shermans Dale Tax Bill
$2,234
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shermans Dale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17090 | $1,176 | $1,791 | $2,234 | $3,305 | $3,754 |
Source: Ownwell