Crystal Spring, Pennsylvania Property Taxes
The median property tax rate in Crystal Spring, PA is 4.20%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Crystal Spring at $18,860, the typical annual property tax bill reaches $832, exceeding the national median of $2,690. Property taxes in Crystal Spring 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 Crystal Spring'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 Crystal Spring 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
Crystal Spring, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.2%
Estimate Property Tax Bill
$792
Ownwell’s Crystal Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crystal Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crystal Spring 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 Crystal Spring, Pennsylvania
Property taxes in Crystal Spring, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crystal Spring is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Crystal Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crystal Spring 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 Crystal Spring's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17224 zip code has the highest median property tax rate of 1.46%, while the 17224 zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Crystal Spring provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crystal Spring Tax Rate
4.20%
Average Fulton County Tax Rate
4.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crystal Spring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15536 | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
Source: Ownwell
Property Tax Assessment Values Across Crystal Spring, Pennsylvania
In Crystal Spring, 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 Fulton 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 Crystal Spring, 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 Crystal Spring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $832, found in zip code 15536.
Property Tax Assessment Values Across Crystal Spring, Pennsylvania
Source: Ownwell
$3,320
$23,850
$44,380
Average Crystal Spring Assessed Value
$18,860
Average Fulton County Assessed Value
$13,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crystal Spring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15536 | $4,210 | $5,808 | $18,860 | $32,950 | $45,045 |
Source: Ownwell
Property Tax Bills Across Crystal Spring, Pennsylvania
In Crystal Spring, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's size, location, and condition play a crucial role in determining its assessed value. For homeowners in Crystal Spring, the median home price is $18,860. The tax bill can vary significantly, with the 25th percentile at $277 and the 75th percentile reaching $1,396. At the 90th percentile, homeowners may see tax bills as high as $1,932. The highest and lowest median tax bills in the area are both $832, found in the zip code 15536. Compared to the national median property tax rate of 0.99%, the tax rates in Crystal Spring can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Crystal Spring Tax Bill
$832
Average Fulton County Tax Bill
$734
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Crystal Spring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15536 | $199 | $277 | $832 | $1,396 | $1,932 |
Source: Ownwell