Grantville, Pennsylvania Property Taxes
The median property tax rate in Grantville, PA is 1.89%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Grantville, the typical annual property tax bill reaches $4,112, exceeding the national median of $2,690. Property taxes in Grantville 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 Grantville'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 Grantville or another part of Lebanon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grantville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$4,182
Ownwell’s Grantville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Grantville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Grantville to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Grantville, Pennsylvania
Property taxes in Grantville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grantville is 1.89%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Grantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grantville 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 Grantville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17028 has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these areas compare with Grantville 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 Grantville Tax Rate
1.89%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grantville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17028 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Grantville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grantville, PA. 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 local appraisal district 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 Grantville, 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. The median home price in Grantville is $221,251, with tax bills varying significantly across different percentiles. For instance, the 25th percentile tax bill is $3,070, while the 75th percentile tax bill rises to $5,578, and the 90th percentile tax bill peaks at $7,679. Notably, the zip code 17028 has the highest and lowest median tax bill at $4,112. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Grantville, Pennsylvania
Source: Ownwell
$81,364
$250,641
$419,917
Average Grantville Assessed Value
$221,251
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 Grantville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17028 | $32,546 | $167,453 | $221,251 | $297,432 | $413,325 |
Source: Ownwell
Property Tax Bills Across Grantville, Pennsylvania
In Grantville, Lebanon County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $221,251. Homeowners can expect their property tax bills to vary significantly depending on the assessed value and specific tax rates applied. For instance, the 25th percentile tax bill is $3,070, while the 75th percentile reaches $5,578. At the 90th percentile, tax bills can soar to $7,679. These figures highlight the range of property tax burdens faced by homeowners in Grantville. The highest and lowest median tax bills are both $4,112, indicating some consistency within certain areas of the city. Compared to the national median property tax rate of 0.99%, Grantville's rates can be considered relatively high, impacting homeowners' financial planning and budgeting. Understanding these factors helps residents anticipate their annual property tax commitments and manage their finances accordingly.
Average Grantville Tax Bill
$4,112
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Grantville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17028 | $591 | $3,070 | $4,112 | $5,578 | $7,679 |
Source: Ownwell