Bainbridge, Pennsylvania Property Taxes
The median property tax rate in Bainbridge, PA is 2.10%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bainbridge at $157,400, the typical annual property tax bill reaches $3,303, exceeding the national median of $2,690. Property taxes in Bainbridge 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 Bainbridge'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 Bainbridge 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
Bainbridge, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$3,305
-$34,641
Ownwell’s Bainbridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bainbridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bainbridge 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 Bainbridge, Pennsylvania
Property taxes in Bainbridge, Pennsylvania, play a crucial role in funding essential local services including public schools, road maintenance, and emergency services. The median tax rate in Bainbridge is 1.37%, which is significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Bainbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bainbridge 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 Bainbridge's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17502 has both the highest and lowest median property tax rate of 1.37%. Understanding how these cities compare with Bainbridge provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bainbridge Tax Rate
2.10%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bainbridge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17502 | 2.10% | 2.10% | 2.10% | 2.10% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Bainbridge, Pennsylvania
In Bainbridge, 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 Lancaster 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 Bainbridge, 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 Bainbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bainbridge is found in the 17502 zip code, amounting to $3,303.
Property Tax Assessment Values Across Bainbridge, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Bainbridge Assessed Value
$157,400
Average Lancaster County Assessed Value
$177,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bainbridge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17502 | $66,400 | $122,100 | $157,400 | $193,550 | $243,300 |
Source: Ownwell
Property Tax Bills Across Bainbridge, Pennsylvania
In Bainbridge, Lancaster County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, if a home has a median price of $157,400, the tax bill varies significantly across different percentiles. Homeowners at the 25th percentile can expect a tax bill around $2,593, while those at the 75th percentile face approximately $4,079. The tax bill for those in the 90th percentile can reach up to $5,105. These tax rates are critical as they directly impact the financial burden on homeowners. Compared to the national median property tax rate of 0.99%, Bainbridge's tax rates can be noticeably higher. This means that homeowners in this region need to be particularly mindful of their property assessments and tax obligations, as they can significantly affect their annual expenses and overall financial planning.
Average Bainbridge Tax Bill
$3,303
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bainbridge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17502 | $1,414 | $2,593 | $3,303 | $4,079 | $5,105 |
Source: Ownwell