Wormleysburg, Pennsylvania Property Taxes
The median property tax rate in Wormleysburg, PA is 1.93%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wormleysburg at $114,900, the typical annual property tax bill reaches $2,207, which is below the national median of $2,690. Property taxes in Wormleysburg 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 Wormleysburg'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 Wormleysburg 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
Wormleysburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$2,218
Ownwell’s Wormleysburg Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Wormleysburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wormleysburg 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 Wormleysburg, Pennsylvania
Property taxes in Wormleysburg, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wormleysburg is 1.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wormleysburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wormleysburg 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 Wormleysburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17043 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Wormleysburg 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 Wormleysburg Tax Rate
1.93%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wormleysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17043 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Wormleysburg, Pennsylvania
In Wormleysburg, 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 Wormleysburg, 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 Wormleysburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,207 in the 17043 zip code, which also has the lowest median tax bill at $2,207.
Property Tax Assessment Values Across Wormleysburg, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average Wormleysburg Assessed Value
$114,900
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 Wormleysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17043 | $94,080 | $103,850 | $114,900 | $128,400 | $139,280 |
Source: Ownwell
Property Tax Bills Across Wormleysburg, Pennsylvania
In Wormleysburg, 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 is a percentage of the market value of the property. Homeowners in Wormleysburg can expect their tax bills to vary depending on several factors, including the property's location within the county, its size, and any improvements made to it. For instance, the tax bill for homes at the 25th percentile is around $1,988, while those at the 75th percentile see bills of approximately $2,472. The highest median tax bill recorded in the area is $2,207, which is significantly higher than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by influencing their annual housing costs, and they are crucial for funding local services such as schools, public safety, and infrastructure. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Wormleysburg Tax Bill
$2,207
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wormleysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17043 | $1,751 | $1,988 | $2,207 | $2,472 | $2,682 |
Source: Ownwell