Highspire, Pennsylvania Property Taxes
The median property tax rate in Highspire, PA is 5.37%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Highspire at $64,050, the typical annual property tax bill reaches $3,426, exceeding the national median of $2,690. Property taxes in Highspire 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 Highspire'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 Highspire 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
Highspire, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.37%
Estimate Property Tax Bill
$3,439
Ownwell’s Highspire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highspire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highspire 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 Highspire, Pennsylvania
Property taxes in Highspire, Pennsylvania, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Highspire stands at 5.37%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Highspire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highspire 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 Highspire's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17034 has the highest median property tax rate of 5.37%, while the lowest median tax rate is also 5.37%. Understanding how these areas compare with Highspire provides valuable insights into the varying tax landscape across Dauphin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highspire Tax Rate
5.37%
Average Dauphin County Tax Rate
2.88%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highspire, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17034 | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% |
Source: Ownwell
Property Tax Assessment Values Across Highspire, Pennsylvania
In Highspire, 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 Dauphin 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 Highspire, 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 Highspire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Highspire is $64,050, with the highest median tax bill in zip code 17034 being $3,426.
Average Highspire Assessed Value
$64,050
Average Dauphin County Assessed Value
$99,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highspire, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17034 | $28,290 | $49,925 | $64,050 | $78,575 | $92,130 |
Source: Ownwell
Property Tax Bills Across Highspire, Pennsylvania
In Highspire, Dauphin 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 reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Highspire, the median home price is $64,050, and property taxes can vary significantly. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. In Highspire, tax bills at the 25th percentile are around $2,665, while those at the 75th percentile reach approximately $4,193. The top 10% of tax bills can be as high as $4,927. This variability means that homeowners need to be aware of how changes in their property's assessed value or local tax rates can impact their annual tax obligations. Comparatively, the national median property tax rate is 0.99%, highlighting the importance of understanding local tax dynamics.
Average Highspire Tax Bill
$3,426
Average Dauphin County Tax Bill
$3,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Highspire, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17034 | $1,519 | $2,665 | $3,426 | $4,193 | $4,927 |
Source: Ownwell