Hamlin, Pennsylvania Property Taxes
The median property tax rate in Hamlin, PA is 2.17%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hamlin at $288,300, the typical annual property tax bill reaches $6,254, exceeding the national median of $2,690. Property taxes in Hamlin 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 Hamlin'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 Hamlin 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
Hamlin, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.17%
Estimate Property Tax Bill
$6,256
Ownwell’s Hamlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamlin 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 Hamlin, Pennsylvania
Property taxes in Hamlin, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamlin is 2.17%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hamlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamlin 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 Hamlin's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18427 zip code has a median property tax rate of 2.17%. Understanding how these areas compare with Hamlin provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamlin Tax Rate
2.17%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamlin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18427 | 2.17% | 2.17% | 2.17% | 2.17% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Hamlin, Pennsylvania
In Hamlin, 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 Wayne County 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 Hamlin, 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 example, the median home price in Hamlin is $288,300, with tax bills ranging from $4,525 at the 25th percentile to $12,334 at the 90th percentile. 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 Hamlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hamlin Assessed Value
$288,300
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamlin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18427 | $104,760 | $208,600 | $288,300 | $361,200 | $568,540 |
Source: Ownwell
Property Tax Bills Across Hamlin, Pennsylvania
In Hamlin, located in Wayne County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions can significantly influence the assessed value. For homeowners in Hamlin, the financial impact of property taxes can vary widely. The 25th percentile tax bill is $4,525, while the 75th percentile tax bill reaches $7,836. At the higher end, the 90th percentile tax bill can be as much as $12,334. The median home price in Hamlin is $288,300, which provides a benchmark for understanding these tax figures. Compared to the national median property tax rate of 0.99%, Hamlin's property tax rates can be relatively high, significantly affecting homeowners' annual expenses. This variation underscores the importance of understanding local tax assessments and potential appeals to manage property tax liabilities effectively.
Average Hamlin Tax Bill
$6,254
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamlin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18427 | $2,273 | $4,525 | $6,254 | $7,836 | $12,334 |
Source: Ownwell