Felton, Pennsylvania Property Taxes
The median property tax rate in Felton, PA is 2.98%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Felton, the typical annual property tax bill reaches $4,114, exceeding the national median of $2,690. Property taxes in Felton 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 Felton'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 Felton 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
Felton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.98%
Estimate Property Tax Bill
$4,084
Ownwell’s Felton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Felton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Felton 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 Felton, Pennsylvania
Property taxes in Felton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Felton is 2.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Felton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Felton 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 Felton's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17322 zip code has the highest median property tax rate of 2.98%, while the 17322 zip code also has the lowest median tax rate of 2.98%. Understanding how these cities compare with Felton provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Felton Tax Rate
2.98%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Felton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17322 | 2.98% | 2.98% | 2.98% | 3.05% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Felton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Felton, 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 York 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 Felton, 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 Felton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Felton is $4,114 in the 17322 zip code, while the lowest median tax bill is also $4,114 in the same zip code.
Average Felton Assessed Value
$137,035
Average York County Assessed Value
$130,990
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Felton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17322 | $75,360 | $108,580 | $137,035 | $173,368 | $212,420 |
Source: Ownwell
Property Tax Bills Across Felton, Pennsylvania
In Felton, York County, PA, property tax bills are primarily calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is meant to reflect a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including changes in the market value of homes and any adjustments to the local tax rate. For instance, with a median home price of $137,035, homeowners in Felton can expect varying tax bills. The 25th percentile tax bill is around $3,279, while those in the 75th percentile may pay up to $5,240. At the 90th percentile, the tax bill can rise to approximately $6,374. For homeowners, these property taxes can significantly impact their annual expenses. Given that the national median property tax rate is 0.99%, understanding how these local factors play into the overall tax bill is crucial for financial planning.
Average Felton Tax Bill
$4,114
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Felton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17322 | $2,320 | $3,279 | $4,114 | $5,240 | $6,374 |
Source: Ownwell