Springboro, Crawford County, Pennsylvania Property Taxes
The median property tax rate in Springboro, PA is 6.02%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $17,908 in Springboro, the typical annual property tax bill reaches $1,076, surpassing the national median of $2,690. Property taxes in Springboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Springboro'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 Springboro or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springboro, Crawford County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.02%
Estimate Property Tax Bill
$1,078
$1,000
Ownwell’s Springboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springboro 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 Springboro, Crawford County, Pennsylvania
Property taxes in Springboro, Pennsylvania, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Springboro is 6.02%, significantly higher than the U.S. national median of 0.99%. Local government entities within Springboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springboro 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 Springboro's effective property tax rate to other areas in Crawford County and the national median. For comparison, the zip code 16435 has both the highest and lowest median property tax rate of 6.02%. Understanding how these areas compare with Springboro provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springboro Tax Rate
6.02%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springboro, Crawford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16435 | 5.80% | 5.81% | 6.02% | 6.10% | 6.11% |
Source: Ownwell
Property Tax Assessment Values Across Springboro, Crawford County, Pennsylvania
In Springboro, 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 Crawford 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 Springboro, 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 Springboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Springboro is $1,076 in zip code 16435. The lowest median tax bill is also $1,076 in the same zip code. With a national median property tax rate of 0.99%, understanding these figures can help property owners make informed decisions.
Property Tax Assessment Values Across Springboro, Crawford County, Pennsylvania
Source: Ownwell
$15,850
$25,925
$35,999
Average Springboro Assessed Value
$17,908
Average Crawford County Assessed Value
$26,552
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springboro, Crawford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16435 | $5,400 | $9,662 | $17,908 | $30,017 | $44,867 |
Source: Ownwell
Property Tax Bills Across Springboro, Crawford County, Pennsylvania
In Springboro, located in Crawford 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 and reflects a percentage of the property's market value. The local tax rate is applied to this assessed value to determine the annual property tax bill. Homeowners in Springboro experience a range of property tax bills. For instance, the tax bill at the 25th percentile is around $573, while at the 75th percentile, it rises to $1781. Those at the 90th percentile can expect to pay approximately $2671. These figures indicate that property taxes can vary significantly depending on the assessed value of the property. Compared to the national median property tax rate of 0.99%, the tax rates in Springboro can have a notable impact on homeowners' finances. Understanding how these factors interplay helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Springboro Tax Bill
$1,076
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Springboro, Crawford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16435 | $330 | $573 | $1,076 | $1,781 | $2,671 |
Source: Ownwell