East Springfield, Pennsylvania Property Taxes
The median property tax rate in East Springfield, PA, is 1.82%, significantly higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With a median home value of $84,920, the typical annual property tax bill in East Springfield reaches $1,548, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding East Springfield'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 East Springfield or another part of Erie County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Springfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,546
Ownwell’s EAST SPRINGFIELD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST SPRINGFIELD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST SPRINGFIELD 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 East Springfield, Pennsylvania
Property taxes in East Springfield, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Springfield is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Springfield set these rates annually, and they can vary across different neighborhoods. Each year, East Springfield 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 East Springfield's effective property tax rate to other areas in Erie County and the national median. For comparison, the 16411 zip code has the highest median property tax rate of 1.82%, while the lowest median tax rate is also 1.82%. Understanding how these areas compare with East Springfield provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Springfield Tax Rate
1.82%
Average Erie County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16411 | 1.82% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across East Springfield, Pennsylvania
In East Springfield, 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 Erie 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 East Springfield, 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 East Springfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,548 in zip code 16411, while the lowest is also $1,548 in the same zip code.
Property Tax Assessment Values Across East Springfield, Pennsylvania
Source: Ownwell
$33,860
$103,725
$173,590
Average East Springfield Assessed Value
$84,920
Average Erie County Assessed Value
$98,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16411 | $14,700 | $51,582 | $84,920 | $113,300 | $147,360 |
Source: Ownwell
Property Tax Bills Across East Springfield, Pennsylvania
In East Springfield, PA, property tax bills are calculated based on the assessed value of the home, which is determined by Erie County. The median home price in this area is $84,920. To determine the tax bill, the assessed value is multiplied by the local tax rate. Homeowners in East Springfield face varying tax bills, with the 25th percentile at $938 and the 75th percentile reaching $2,057. For those in the 90th percentile, the tax bill can go up to $2,687. These figures are influenced by factors such as property size, location, and market conditions. In comparison to the national median property tax rate of 0.99%, homeowners in East Springfield may find their tax rates relatively moderate. The highest and lowest median tax bill in the area is $1,548, which provides a benchmark for homeowners to understand their potential tax liabilities. Understanding these factors helps homeowners budget effectively and anticipate changes in their annual property tax obligations.
Average East Springfield Tax Bill
$1,548
Average Erie County Tax Bill
$2,898
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16411 | $274 | $938 | $1,548 | $2,057 | $2,687 |
Source: Ownwell