Grantham, Pennsylvania Property Taxes
The median property tax rate in Grantham, PA is 2.02%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Grantham at $190,800, the typical annual property tax bill reaches $3,858, exceeding the national median of $2,690. Property taxes in Grantham 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 Grantham'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 Grantham 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
Grantham, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$3,854
Ownwell’s Grantham Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Grantham using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grantham to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Cumberland County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Grantham, Pennsylvania
Property taxes in Grantham, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grantham is 2.02%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Grantham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grantham 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 Grantham's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17027 zip code has the highest median property tax rate of 2.02%, while the same area also has the lowest median tax rate of 2.02%. Understanding how these cities compare with Grantham 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 Grantham Tax Rate
2.02%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grantham, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17027 | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Grantham, Pennsylvania
In Grantham, 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 Cumberland 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 Grantham, 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 Grantham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Grantham is $190,800, with the highest and lowest median tax bills both recorded at $3,858 in zip code 17027.
Average Grantham Assessed Value
$190,800
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 Grantham, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17027 | $142,140 | $164,650 | $190,800 | $254,750 | $298,200 |
Source: Ownwell
Property Tax Bills Across Grantham, Pennsylvania
In Grantham, Cumberland County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Grantham, the median home price is $190,800, and property tax bills can vary significantly. At the 25th percentile, homeowners might expect a tax bill around $3,329, while those at the 75th percentile could see bills as high as $5,151. The 90th percentile tax bill can reach up to $6,029. Compared to the national median property tax rate of 0.99%, Grantham's property tax rates can be considered relatively high, affecting homeowners by increasing their annual housing costs. This variation in tax bills underscores the importance of understanding local property tax assessments and rates, as they directly impact the financial responsibilities of owning a home in Grantham.
Average Grantham Tax Bill
$3,858
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Grantham, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17027 | $2,874 | $3,329 | $3,858 | $5,151 | $6,029 |
Source: Ownwell