Bird In Hand, Lancaster County, Pennsylvania Property Taxes
The median property tax rate in Bird in Hand, PA is 1.91%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bird in Hand at $259,900, the typical annual property tax bill reaches $4,980, exceeding the national median of $2,690. Property taxes in Bird in Hand 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 Bird in Hand'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 Bird in Hand or another part of Lancaster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bird In Hand, Lancaster County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$4,964
$4,607
Ownwell’s BIRD IN HAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIRD IN HAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIRD IN HAND 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 Bird In Hand, Lancaster County, Pennsylvania
Property taxes in Bird in Hand, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bird in Hand is 1.91%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bird in Hand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bird in Hand 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 Bird in Hand's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17505 has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these areas compare with Bird in Hand 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.
Property Tax Rates Across Bird In Hand, Lancaster County, Pennsylvania
Source: Ownwell
1.45%
2.59%
3.74%
Average Bird In Hand Tax Rate
1.91%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bird In Hand, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17505 | 1.85% | 1.91% | 1.91% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Bird In Hand, Lancaster County, Pennsylvania
In Bird in Hand, 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 county 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 Bird in Hand, 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 Bird in Hand helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17505 has the highest and lowest median tax bill, both at $4,980.
Property Tax Assessment Values Across Bird In Hand, Lancaster County, Pennsylvania
Source: Ownwell
$118,800
$189,350
$259,900
Average Bird In Hand Assessed Value
$259,900
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 Bird In Hand, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17505 | $157,100 | $203,000 | $259,900 | $335,450 | $407,060 |
Source: Ownwell
Property Tax Bills Across Bird In Hand, Lancaster County, Pennsylvania
In Bird in Hand, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Several factors are considered in this assessment, including the property's size, location, and condition. The local property tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Bird in Hand, the median home price is $259,900. Property tax bills can vary significantly, with the 25th percentile tax bill at $3,878 and the 75th percentile reaching $6,388. The tax bill for the 90th percentile can go as high as $7,715. The highest and lowest median tax bills in the area are both $4,980, reflecting some consistency in tax assessments. Compared to the national median property tax rate of 0.99%, homeowners in Bird in Hand may experience varying financial impacts based on their property's assessed value and the local tax rate. These property taxes fund essential public services, which directly affect the community's quality of life.
Property Tax Bills Across Bird In Hand, Lancaster County, Pennsylvania
Source: Ownwell
$2,365
$4,201
$6,036
Average Bird In Hand Tax Bill
$4,980
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bird In Hand, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17505 | $3,041 | $3,878 | $4,980 | $6,388 | $7,715 |
Source: Ownwell