Springville, Pennsylvania Property Taxes
The median property tax rate in Springville, PA is 3.44%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Springville, the typical annual property tax bill reaches $1,052, exceeding the national median of $2,690. Property taxes in Springville 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 Springville'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 Springville 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
Springville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.44%
Estimate Property Tax Bill
$1,046
Ownwell’s Springville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springville 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 Springville, Pennsylvania
Property taxes in Springville, PA, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Springville is 3.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Springville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springville 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 Springville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18844 ZIP code has both the highest and lowest median property tax rate of 3.44%. Understanding how these areas compare with Springville provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springville Tax Rate
3.44%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18844 | 3.07% | 3.07% | 3.44% | 3.54% | 3.72% |
Source: Ownwell
Property Tax Assessment Values Across Springville, Pennsylvania
In Springville, 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 Susquehanna 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 Springville, 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. For instance, the median home price in Springville is $30,400, with tax bills ranging from $543 at the 25th percentile to $2,705 at the 90th percentile. The highest and lowest median tax bills are both $1,052, found in the 18844 zip code. By understanding 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 Springville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Springville Assessed Value
$30,400
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18844 | $8,340 | $16,300 | $30,400 | $57,000 | $85,460 |
Source: Ownwell
Property Tax Bills Across Springville, Pennsylvania
In Springville, Susquehanna County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $30,400, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. The tax bill at the 25th percentile is around $543, while at the 75th percentile, it rises to approximately $1,874. Homes in the 90th percentile face even higher tax bills, reaching up to $2,705. These figures illustrate the range of property tax burdens within the city. Comparatively, Springville's property tax rates can be higher or lower than the national median property tax rate of 0.99%, depending on individual property assessments. This variability in tax bills significantly impacts homeowners, influencing their overall cost of living and financial planning.
Average Springville Tax Bill
$1,052
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Springville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18844 | $307 | $543 | $1,052 | $1,874 | $2,705 |
Source: Ownwell