Abbottstown, Pennsylvania Property Taxes
The median property tax rate in Abbottstown, PA is 2.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Abbottstown, the typical annual property tax bill reaches $4,002, exceeding the national median of $2,690. Property taxes in Abbottstown 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 Abbottstown'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 Abbottstown 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
Abbottstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$4,072
Ownwell’s Abbottstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbottstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbottstown 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 Abbottstown, Pennsylvania
Property taxes in Abbottstown, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbottstown is 2.00%, significantly higher than the U.S. national median of 0.99%. Local government entities within Abbottstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbottstown 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 Abbottstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17301 zip code has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Abbottstown provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbottstown Tax Rate
2.00%
Average Adams County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbottstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17301 | 1.97% | 1.97% | 2.00% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Abbottstown, Pennsylvania
In Abbottstown, 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 Adams 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 Abbottstown, 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 Abbottstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $203,600, with the highest and lowest median tax bill both at $4,002 in the 17301 zip code.
Property Tax Assessment Values Across Abbottstown, Pennsylvania
Source: Ownwell
$57,100
$183,250
$309,400
Average Abbottstown Assessed Value
$203,600
Average Adams County Assessed Value
$207,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbottstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17301 | $126,790 | $151,825 | $203,600 | $260,250 | $330,790 |
Source: Ownwell
Property Tax Bills Across Abbottstown, Pennsylvania
In Abbottstown, located in Adams County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor, who evaluates the home's market value and applies an assessment ratio. The local tax rate, expressed as a millage rate, is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Abbottstown, the median home price is $203,600. Depending on the assessed value and applicable exemptions, tax bills can vary significantly. For instance, tax bills at the 25th percentile are around $3,185, while those at the 75th percentile reach approximately $5,009. The highest tax bills, at the 90th percentile, can go up to $5,978. These property taxes contribute to funding essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Comparatively, Abbottstown's tax rates are higher than the national median property tax rate of 0.99%, reflecting the local government's funding needs and priorities.
Average Abbottstown Tax Bill
$4,002
Average Adams County Tax Bill
$3,745
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbottstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17301 | $2,577 | $3,185 | $4,002 | $5,009 | $5,978 |
Source: Ownwell