Hellam, Pennsylvania Property Taxes
The median property tax rate in Hellam, PA is 3.47%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hellam, the typical annual property tax bill reaches $5,295, exceeding the national median of $2,690. Property taxes in Hellam 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 Hellam'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 Hellam 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
Hellam, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.47%
Estimate Property Tax Bill
$5,298
Ownwell’s Hellam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hellam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hellam 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 Hellam, Pennsylvania
Property taxes in Hellam, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hellam is 1.55%, higher than both the Pennsylvania state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Hellam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hellam 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 Hellam's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17406 zip code has the highest median property tax rate of 1.55%, while the 17406 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Hellam 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 Hellam Tax Rate
3.47%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hellam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Hellam, Pennsylvania
In Hellam, 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 York 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 Hellam, 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 Hellam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hellam are both $5,295 in the 17406 zip code.
Average Hellam Assessed Value
$152,670
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 Hellam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | $89,203 | $115,758 | $152,670 | $199,765 | $246,761 |
Source: Ownwell
Property Tax Bills Across Hellam, Pennsylvania
In Hellam, located in York County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the local tax assessor and reflects a percentage of the home's market value. For instance, with a median home price of $152,670, homeowners can expect their tax bill to vary significantly depending on their property's assessed value and the applicable tax rate. Several factors influence the final tax bill, including property size, location, and any improvements or renovations made. In Hellam, the 25th percentile tax bill is around $4,007, while the 75th percentile tax bill reaches $6,911. The 90th percentile tax bill can be as high as $8,558. When compared to the national median property tax rate of 0.99%, Hellam’s property taxes can be relatively high, impacting homeowners' annual expenses significantly. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Hellam Tax Bill
$5,295
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hellam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | $3,245 | $4,007 | $5,295 | $6,911 | $8,558 |
Source: Ownwell