Annville, Pennsylvania Property Taxes
The median property tax rate in Annville, PA is 2.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Annville at $180,903, the typical annual property tax bill reaches $3,829, exceeding the national median of $2,690. Property taxes in Annville 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 Annville'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 Annville 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
Annville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$4,016
Ownwell’s Annville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Annville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Annville 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 Annville, Pennsylvania
Property taxes in Annville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Annville is 2.22%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Annville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Annville 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 Annville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17003 zip code has the highest median property tax rate of 2.22%, while the 17003 zip code has the lowest median tax rate of 2.22%. Understanding how these cities compare with Annville provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Annville Tax Rate
2.22%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Annville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17003 | 1.89% | 1.90% | 2.22% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Annville, Pennsylvania
In Annville, 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 Lebanon 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 Annville, 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. Annville's median home price is $180,903, with property tax bills ranging from $2,907 at the 25th percentile to $7,431 at the 90th percentile. The highest and lowest median tax bills in Annville are both $3,829, found in the 17003 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Annville Assessed Value
$180,903
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Annville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17003 | $83,778 | $136,703 | $180,903 | $264,732 | $356,467 |
Source: Ownwell
Property Tax Bills Across Annville, Pennsylvania
In Annville, property tax bills are calculated based on the assessed value of a home, which is determined by the Lebanon County assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Annville can expect their property tax bill to fall within a range, with the 25th percentile tax bill at $2,907 and the 75th percentile reaching up to $5,568. For those in the 90th percentile, the tax bill can be as high as $7,431. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential community services like schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Annville's property taxes are relatively high, reflecting the local government's commitment to maintaining robust public services. This, in turn, affects homeowners by contributing to the overall cost of owning property in the area.
Average Annville Tax Bill
$3,829
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Annville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17003 | $1,702 | $2,907 | $3,829 | $5,568 | $7,431 |
Source: Ownwell