Hershey, Pennsylvania Property Taxes
The median property tax rate in Hershey, PA is 2.88%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Hershey at $139,400, the typical annual property tax bill totals $4,004, surpassing the national median of $2,690. Property taxes in Hershey are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hershey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hershey or another part of Dauphin County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hershey, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.88%
Estimate Property Tax Bill
$4,015
Ownwell’s Hershey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hershey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hershey 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 Hershey, Pennsylvania
Property taxes in Hershey, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hershey is 2.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hershey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hershey 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 Hershey's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17033 has both the highest and lowest median property tax rate of 2.88%, highlighting the uniformity within the area. Understanding how these cities compare with Hershey 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 Hershey Tax Rate
2.88%
Average Dauphin County Tax Rate
2.88%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hershey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17033 | 2.66% | 2.88% | 2.88% | 2.88% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Hershey, Pennsylvania
In Hershey, 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 Appraisal District 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 Hershey, 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. For instance, the median home price in Hershey is $139,400, and the median tax bill can range from $2,931 at the 25th percentile to $7,714 at the 90th percentile. The zip code with the highest and lowest median tax bill is 17033, both at $4,004. 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 Hershey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hershey Assessed Value
$139,400
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 Hershey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17033 | $79,810 | $102,225 | $139,400 | $194,175 | $269,860 |
Source: Ownwell
Property Tax Bills Across Hershey, Pennsylvania
In Hershey, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors influencing the assessed value include the home's market value, location, and any improvements or renovations made to the property. For homeowners in Hershey, the impact of property taxes can vary significantly. For instance, the median home price in the area is $139,400. The tax bill for the 25th percentile is approximately $2,931, while at the 75th percentile, it rises to about $5,522. Those in the 90th percentile can expect to pay around $7,714 annually. Compared to the national median property tax rate of 0.99%, homeowners in Hershey may find their tax bills to be relatively high, affecting their overall housing affordability. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Hershey Tax Bill
$4,004
Average Dauphin County Tax Bill
$3,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hershey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17033 | $2,279 | $2,931 | $4,004 | $5,522 | $7,714 |
Source: Ownwell