Boynton Beach, Pennsylvania Property Taxes
The median property tax rate in Boynton Beach, PA is 2.39%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Boynton Beach at $206,000, the typical annual property tax bill reaches $4,929, exceeding the national median of $2,690. Property taxes in Boynton Beach 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 Boynton Beach'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 Boynton Beach 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
Boynton Beach, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$4,923
-$51,597
Ownwell’s Boynton Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boynton Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boynton Beach 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 Boynton Beach, Pennsylvania
Property taxes in Boynton Beach, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boynton Beach is 2.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Boynton Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boynton Beach 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 Boynton Beach's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 33436 zip code has the highest median property tax rate of 2.39%, while the same zip code also has the lowest median tax rate of 2.39%. Understanding how these cities compare with Boynton Beach 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 Boynton Beach Tax Rate
2.39%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boynton Beach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33436 | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Boynton Beach, Pennsylvania
In Boynton Beach, 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 Boynton Beach, 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 Boynton Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 33436, with a tax bill of $4,929, while the lowest median tax bill is also in 33436, at $4,929.
Property Tax Assessment Values Across Boynton Beach, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Boynton Beach Assessed Value
$206,000
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 Boynton Beach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33436 | $206,000 | $206,000 | $206,000 | $206,000 | $206,000 |
Source: Ownwell
Property Tax Bills Across Boynton Beach, Pennsylvania
In Boynton Beach, Lancaster County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate various factors such as the property's size, location, and condition. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Boynton Beach, the median home price is $206,000. The property tax bills in this area show a significant consistency, with the 25th, 75th, and 90th percentiles all having a tax bill of $4,929. This figure is notably higher than the national median property tax rate of 0.99%, indicating a relatively higher tax burden for homeowners in this region. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly. High property taxes can impact the overall affordability of owning a home and can influence decisions on purchasing or selling property in Boynton Beach.
Average Boynton Beach Tax Bill
$4,929
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Boynton Beach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33436 | $4,929 | $4,929 | $4,929 | $4,929 | $4,929 |
Source: Ownwell