East Pennsboro, Pennsylvania Property Taxes
The median property tax rate in East Pennsboro, PA is 1.84%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in East Pennsboro at $144,500, the typical annual property tax bill reaches $2,654, slightly below the national median of $2,690. Property taxes in East Pennsboro are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Pennsboro'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 East Pennsboro 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
East Pennsboro, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$2,659
Ownwell’s EAST PENNSBORO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST PENNSBORO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST PENNSBORO 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 East Pennsboro, Pennsylvania
Property taxes in East Pennsboro, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Pennsboro is 1.84%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Pennsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Pennsboro 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 East Pennsboro's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17025 zip code has the highest median property tax rate of 1.84%, while the lowest median tax rate is also 1.84%. Understanding how these areas compare with East Pennsboro provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Pennsboro Tax Rate
1.84%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Pennsboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17025 | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across East Pennsboro, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Pennsboro, Pennsylvania. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by Cumberland County 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 East Pennsboro, 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 here is $144,500, with tax bills ranging from $2,324 at the 25th percentile to $3,494 at the 90th percentile. The zip code 17025 has the highest and lowest median tax bill of $2,654. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Pennsboro, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average East Pennsboro Assessed Value
$144,500
Average Cumberland County Assessed Value
$182,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Pennsboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17025 | $107,880 | $126,500 | $144,500 | $171,300 | $190,220 |
Source: Ownwell
Property Tax Bills Across East Pennsboro, Pennsylvania
In East Pennsboro, property tax bills are calculated based on the assessed value of a home, which is determined by the Cumberland County tax assessor. This assessed value is then multiplied by the local property tax rate to determine the tax bill. The median home price in East Pennsboro is $144,500, and homeowners can expect varying tax bills depending on the value of their property. For instance, those in the 25th percentile pay around $2,324, while those in the 75th percentile see bills closer to $3,147. At the 90th percentile, tax bills can reach up to $3,494. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. However, they can also significantly impact homeowners' finances. East Pennsboro's median tax bill of $2,654 falls noticeably above the national median property tax rate of 0.99%, highlighting the importance for homeowners to understand and potentially appeal their property assessments to ensure fair taxation.
Average East Pennsboro Tax Bill
$2,654
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Pennsboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17025 | $1,982 | $2,324 | $2,654 | $3,147 | $3,494 |
Source: Ownwell