York Springs, Pennsylvania Property Taxes
The median property tax rate in York Springs, PA is 1.51%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in York Springs, the typical annual property tax bill reaches $3,455, exceeding the national median of $2,690. Property taxes in York Springs 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 Springs' 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 Springs 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 Springs, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$3,459
Ownwell’s York Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in York Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in York Springs 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 Springs, Pennsylvania
Property taxes in York Springs, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in York Springs is 1.51%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within York Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, York Springs 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 Springs' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17372 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with York Springs 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 York Springs Tax Rate
1.51%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across York Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17372 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across York Springs, Pennsylvania
In York Springs, 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 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 York Springs, 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 York Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in York Springs is $229,100, with the 25th percentile tax bill at $3,008 and the 75th percentile tax bill at $4,134. The highest and lowest median tax bills are both $3,455 in the zip code 17372.
Property Tax Assessment Values Across York Springs, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average York Springs Assessed Value
$229,100
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 York Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17372 | $181,740 | $199,500 | $229,100 | $274,150 | $301,180 |
Source: Ownwell
Property Tax Bills Across York Springs, Pennsylvania
Property tax bills in York Springs, located in Cumberland County, PA, are calculated based on the assessed value of a property and the local tax rate. Homeowners in this area have a median home price of $229,100. The assessed value is determined by the county's property assessor, who evaluates the property's worth. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For York Springs, the median property tax bill stands at $3,455, with the 25th percentile at $3,008 and the 75th percentile reaching $4,134. At the 90th percentile, homeowners could see tax bills as high as $4,541. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the local tax policies and the assessed property values in the area. The property tax burden can significantly impact homeowners, influencing their overall cost of living and potentially affecting their financial planning and long-term investment decisions.
Average York Springs Tax Bill
$3,455
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across York Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17372 | $2,740 | $3,008 | $3,455 | $4,134 | $4,541 |
Source: Ownwell