Shippensburg, Pennsylvania Property Taxes
The median property tax rate in Shippensburg, PA is 1.52%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Shippensburg at $159,400, the typical annual property tax bill reaches $2,571, closely aligning with the national median of $2,690. Property taxes in Shippensburg 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 Shippensburg'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 Shippensburg 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
Shippensburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$2,423
Ownwell’s Shippensburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shippensburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shippensburg 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 Cumberland County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shippensburg, Pennsylvania
Property taxes in Shippensburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shippensburg is 1.52%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shippensburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shippensburg 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 Shippensburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17257 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Shippensburg 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 Shippensburg Tax Rate
1.52%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shippensburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17257 | 1.52% | 1.52% | 1.52% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Shippensburg, Pennsylvania
In Shippensburg, 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 Shippensburg, 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 Shippensburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Shippensburg is $159,400, with the highest median tax bill at $2,571 in the 17257 zip code.
Property Tax Assessment Values Across Shippensburg, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average Shippensburg Assessed Value
$159,400
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 Shippensburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17257 | $42,840 | $118,700 | $159,400 | $209,900 | $259,560 |
Source: Ownwell
Property Tax Bills Across Shippensburg, Pennsylvania
In Shippensburg, property tax bills are calculated based on the assessed value of a home, which is determined by the Cumberland County tax assessor. The assessed value typically reflects a percentage of the market value of the property. Local tax rates, known as millage rates, are then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $159,400 in Shippensburg, homeowners might expect varying tax bills depending on specific assessments and exemptions. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. For instance, the tax bill at the 25th percentile is around $1,904, while at the 75th percentile, it rises to approximately $3,372. The 90th percentile tax bill can reach up to $4,170. These variations highlight how property characteristics and local policies can significantly impact what homeowners owe. Comparatively, the median property tax rate in Shippensburg aligns closely with the national median of 0.99%, underscoring the area's relatively standard property tax burden.
Average Shippensburg Tax Bill
$2,571
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shippensburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17257 | $705 | $1,904 | $2,571 | $3,372 | $4,170 |
Source: Ownwell