Honey Grove, Pennsylvania Property Taxes
The median property tax rate in Honey Grove, PA is 1.20%, which is significantly higher than the national median of 0.99% but considerably lower than the Pennsylvania state median of 2.81%. With a median home value of $102,500 in Honey Grove, the typical annual property tax bill amounts to $1,230, well below the national median of $2,690. Property taxes in Honey Grove are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Familiarizing yourself with Honey Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Honey Grove or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Honey Grove, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,230
Ownwell’s Honey Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Honey Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Honey Grove 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 Honey Grove, Pennsylvania
Property taxes in Honey Grove, Pennsylvania, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Honey Grove is 1.20%, which is higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Honey Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Honey Grove 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 Honey Grove's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17035 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Honey Grove provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Honey Grove Tax Rate
1.20%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Honey Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17035 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Honey Grove, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Honey Grove, Perry County, Pennsylvania. 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 local appraisal authorities 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 Honey Grove, 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 Honey Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Perry County, the median home price is $102,500, and tax bills can vary significantly. For example, the highest median tax bill in the area is $1,230 in zip code 17035. Understanding these nuances can help homeowners make informed decisions about their property taxes.
Property Tax Assessment Values Across Honey Grove, Pennsylvania
Source: Ownwell
$42,600
$106,125
$169,650
Average Honey Grove Assessed Value
$102,500
Average Perry County Assessed Value
$142,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Honey Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17035 | $48,200 | $60,000 | $102,500 | $336,250 | $484,600 |
Source: Ownwell
Property Tax Bills Across Honey Grove, Pennsylvania
In Honey Grove, Perry 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 the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $102,500, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $720, while those in the 75th percentile face bills up to $4,035, and the 90th percentile can see bills as high as $5,815. The highest median tax bill in Perry County is $1,230, which is still higher than the national median property tax rate of 0.99%. These variations in tax bills can significantly impact homeowners, influencing their financial planning and long-term investment in their properties.
Average Honey Grove Tax Bill
$1,230
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Honey Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17035 | $578 | $720 | $1,230 | $4,035 | $5,815 |
Source: Ownwell