Yorkana, Pennsylvania Property Taxes
The median property tax rate in Yorkana, PA is 3.23%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Yorkana at $120,295, the typical annual property tax bill reaches $3,889, exceeding the national median of $2,690. Property taxes in Yorkana 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 Yorkana'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 Yorkana 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
Yorkana, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.23%
Estimate Property Tax Bill
$3,886
Ownwell’s Yorkana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yorkana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorkana 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 Yorkana, Pennsylvania
Property taxes in Yorkana, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorkana is 3.23%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Yorkana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorkana 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 Yorkana'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 3.23%, while the 17406 zip code also has the lowest median tax rate of 3.23%. Understanding how these areas compare with Yorkana 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 Yorkana Tax Rate
3.23%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yorkana, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Yorkana, Pennsylvania
In Yorkana, 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 Yorkana, 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 Yorkana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Yorkana are both $3,889, found in the 17406 zip code.
Average Yorkana Assessed Value
$120,295
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 Yorkana, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | $93,481 | $103,190 | $120,295 | $132,415 | $148,715 |
Source: Ownwell
Property Tax Bills Across Yorkana, Pennsylvania
In Yorkana, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Yorkana is $120,295. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, if your home is valued at $120,295 and the tax rate is 3.23%, your annual tax bill would be approximately $3,889. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Yorkana can expect their tax bills to vary, with the 25th percentile tax bill around $3,336 and the 75th percentile reaching $4,281. The highest tax bills, at the 90th percentile, can go up to $4,808. Compared to the national median property tax rate of 0.99%, Yorkana's property tax rate is significantly higher, which can impact homeowners by increasing their annual housing costs. This makes understanding local tax rates and potential exemptions crucial for managing expenses.
Average Yorkana Tax Bill
$3,889
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorkana, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17406 | $3,022 | $3,336 | $3,889 | $4,281 | $4,808 |
Source: Ownwell