North Springfield, Pennsylvania Property Taxes
The median property tax rate in North Springfield, PA is 1.82%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in North Springfield, the typical annual property tax bill reaches $1,850, which is below the national median of $2,690. Property taxes in North Springfield 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 North 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 North Springfield 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
North Springfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,854
Ownwell’s North Springfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Springfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North 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 North Springfield, Pennsylvania
Property taxes in North 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 North Springfield is 1.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within North Springfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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 North Springfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16430 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with North 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 North 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 North Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16430 | 1.82% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across North Springfield, Pennsylvania
In North 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 North 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 North Springfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16430 has both the highest and lowest median tax bill at $1,850, offering a clear picture of the property tax landscape in the area.
Property Tax Assessment Values Across North Springfield, Pennsylvania
Source: Ownwell
$33,860
$103,725
$173,590
Average North Springfield Assessed Value
$101,890
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 North Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16430 | $64,755 | $78,580 | $101,890 | $137,000 | $203,130 |
Source: Ownwell
Property Tax Bills Across North Springfield, Pennsylvania
In North Springfield, located in Erie County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in North Springfield, the median home price is $101,890. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $1,427 and the 75th percentile tax bill at $2,488. The top 10% of homeowners face tax bills as high as $3,598. Factors influencing these tax bills include the property's assessed value, which can change due to market conditions, property improvements, or reassessments. The local tax rate, which is set by municipal authorities, also plays a crucial role. With the national median property tax rate at 0.99%, homeowners in North Springfield may find their tax rates comparable or slightly higher, affecting their overall financial planning and homeownership costs.
Average North Springfield Tax Bill
$1,850
Average Erie County Tax Bill
$2,898
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across North Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16430 | $1,176 | $1,427 | $1,850 | $2,488 | $3,598 |
Source: Ownwell