Gratz, Pennsylvania Property Taxes
The median property tax rate in Gratz, PA is 2.75%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Gratz at $69,450, the typical annual property tax bill reaches $1,908, which exceeds the national median of $2,690. Property taxes in Gratz 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 Gratz'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 Gratz 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
Gratz, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$1,910
Ownwell’s Gratz Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gratz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gratz 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 Gratz, Pennsylvania
Property taxes in Gratz, PA, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gratz is 2.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gratz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gratz 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 Gratz's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17030 has the highest median property tax rate of 2.75%, while the same zip code also has the lowest median tax rate of 2.75%. Understanding how these cities compare with Gratz provides valuable insights into the varying tax landscape across Dauphin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gratz Tax Rate
2.75%
Average Dauphin County Tax Rate
2.88%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gratz, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17030 | 2.72% | 2.74% | 2.75% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Gratz, Pennsylvania
In Gratz, 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 Dauphin 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. 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 Gratz helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 17030, with a median tax bill of $1,908.
Average Gratz Assessed Value
$69,450
Average Dauphin County Assessed Value
$99,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gratz, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17030 | $37,950 | $47,900 | $69,450 | $108,600 | $161,400 |
Source: Ownwell
Property Tax Bills Across Gratz, Pennsylvania
In Gratz, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For instance, the median home price in Gratz is $69,450. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile at $1,316 and the 75th percentile at $2,983. Those in the 90th percentile might see tax bills as high as $4,389. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly impact their annual financial obligations. Compared to the national median property tax rate of 0.99%, Gratz's property tax rates can be relatively high, making it essential for homeowners to stay informed and possibly seek ways to reduce their tax burden through appeals or exemptions.
Average Gratz Tax Bill
$1,908
Average Dauphin County Tax Bill
$3,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gratz, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17030 | $1,043 | $1,316 | $1,908 | $2,983 | $4,389 |
Source: Ownwell