Liverpool, Pennsylvania Property Taxes
The median property tax rate in Liverpool, PA is 1.75%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $133,300 in Liverpool, the typical annual property tax bill reaches $2,314, which is below the national median of $2,690. Property taxes in Liverpool 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 Liverpool'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 Liverpool 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
Liverpool, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$2,333
Ownwell’s Liverpool Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liverpool with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liverpool 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 Liverpool, Pennsylvania
Property taxes in Liverpool, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liverpool is 1.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Liverpool set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liverpool 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 Liverpool's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17045 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Liverpool 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 Liverpool Tax Rate
1.75%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liverpool, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17045 | 1.60% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Liverpool, Pennsylvania
In Liverpool, 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 Perry 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 Liverpool, 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 Liverpool helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17045 has the highest median tax bill at $2,314, while the lowest is also in 17045 at $2,314.
Average Liverpool Assessed Value
$133,300
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 Liverpool, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17045 | $59,500 | $89,450 | $133,300 | $201,650 | $300,700 |
Source: Ownwell
Property Tax Bills Across Liverpool, Pennsylvania
In Liverpool, Perry County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $133,300, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,546, while those in the 75th percentile may see bills up to $3,448. At the 90th percentile, tax bills can soar to $5,094. These figures highlight the variability in property taxes within the area. Compared to the national median property tax rate of 0.99%, Liverpool's tax rates can lead to substantial differences in annual costs for homeowners. The highest and lowest median tax bills in the region are both recorded at $2,314 in zip code 17045, further illustrating the range of property tax burdens residents may face.
Average Liverpool Tax Bill
$2,314
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Liverpool, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17045 | $1,003 | $1,546 | $2,314 | $3,448 | $5,094 |
Source: Ownwell