Wellsville, Pennsylvania Property Taxes
The median property tax rate in Wellsville, PA is 2.64%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wellsville, the typical annual property tax bill reaches $3,559, exceeding the national median of $2,690. Property taxes in Wellsville 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 Wellsville'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 Wellsville 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
Wellsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$3,558
Ownwell’s Wellsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellsville 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 Wellsville, Pennsylvania
Property taxes in Wellsville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellsville is 2.64%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wellsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellsville 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 Wellsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17365 zip code has the highest median property tax rate of 2.64%, while the 17365 zip code also has the lowest median tax rate of 2.64%. Understanding how these areas compare with Wellsville 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 Wellsville Tax Rate
2.64%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17365 | 2.64% | 2.64% | 2.64% | 2.66% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Wellsville, Pennsylvania
In Wellsville, 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 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 Wellsville, 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. The median home price in Wellsville is $134,790. The median tax bills range from $2,706 at the 25th percentile to $4,707 at the 75th percentile, with the highest median tax bill being $3,559 in the 17365 zip code. Being aware of these valuation processes in Wellsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wellsville, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Wellsville Assessed Value
$134,790
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 Wellsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17365 | $74,742 | $102,340 | $134,790 | $177,430 | $238,654 |
Source: Ownwell
Property Tax Bills Across Wellsville, Pennsylvania
In Wellsville, PA, property tax bills are calculated based on the assessed value of a home, 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. The median home price in Wellsville is $134,790, which means that many homeowners will see tax bills reflecting this value. For example, the 25th percentile tax bill is $2,706, while the 75th percentile tax bill is $4,707, indicating a range that homeowners can expect based on their property's assessed value and the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Wellsville's tax rates may vary, impacting how much homeowners pay annually. With the highest median tax bill in the area being $3,559, homeowners need to be aware of these variables to better understand their financial obligations and potential savings through appeals or exemptions.
Average Wellsville Tax Bill
$3,559
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17365 | $1,974 | $2,706 | $3,559 | $4,707 | $6,315 |
Source: Ownwell