Thomasville, Pennsylvania Property Taxes
The median property tax rate in Thomasville, PA is 3.28%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $116,550 in Thomasville, the typical annual property tax bill reaches $3,853, far exceeding the national median of $2,690. Property taxes in Thomasville 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 Thomasville'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 Thomasville or another part of York County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thomasville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.28%
Estimate Property Tax Bill
$3,823
Ownwell’s Thomasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thomasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thomasville 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 Thomasville, Pennsylvania
Property taxes in Thomasville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomasville is 3.28%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Thomasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thomasville 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 Thomasville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17364 zip code has the highest median property tax rate of 3.28%, while the same zip code also has the lowest median tax rate of 3.28%. Understanding how these cities compare with Thomasville 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 Thomasville Tax Rate
3.28%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomasville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17364 | 3.28% | 3.28% | 3.28% | 3.30% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Thomasville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Thomasville, 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 Thomasville, 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. The median home price in Thomasville is $116,550, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $1,093, while the 75th percentile tax bill is $4,939. The highest median tax bill in the area is $3,853 in the 17364 zip code, which is also the lowest median tax bill, indicating a consistent tax rate across this location. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Thomasville, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Thomasville Assessed Value
$116,550
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 Thomasville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17364 | $7,936 | $33,000 | $116,550 | $150,325 | $190,780 |
Source: Ownwell
Property Tax Bills Across Thomasville, Pennsylvania
In Thomasville, property tax bills are calculated based on the assessed value of a home, which is determined by the York County tax assessor. The assessed value often differs from the market value and is used to calculate the tax bill by applying the local property tax rate. Homeowners in Thomasville typically see a median tax bill of $3,853, which is significantly higher than the national median property tax rate of 0.99%. Factors such as the location within the county and the specific characteristics of the property influence the assessed value. For instance, tax bills can vary widely, with the 25th percentile at $1,093 and the 75th percentile reaching $4,939. At the higher end, the 90th percentile tax bill is $6,292. These property taxes directly impact homeowners by influencing their annual housing costs and potentially affecting their ability to sell or refinance their homes. Understanding these elements is crucial for homeowners looking to manage their financial obligations effectively.
Average Thomasville Tax Bill
$3,853
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomasville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17364 | $263 | $1,093 | $3,853 | $4,939 | $6,292 |
Source: Ownwell