East Petersburg, Pennsylvania Property Taxes
The median property tax rate in East Petersburg, PA is 2.51%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in East Petersburg at $162,900, the typical annual property tax bill reaches $4,041, exceeding the national median of $2,690. Property taxes in East Petersburg 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 East Petersburg'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 East Petersburg 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
East Petersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.51%
Estimate Property Tax Bill
$4,089
-$42,851
Ownwell's East Petersburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in East Petersburg with just two data points. By entering your property's estimated assessed value, the calculator employs the median tax rate in East Petersburg to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across East Petersburg, Pennsylvania
Property taxes in East Petersburg, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Petersburg is 2.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Petersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Petersburg 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 East Petersburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17520 has both the highest and lowest median property tax rate of 2.51%. Understanding how these cities compare with East Petersburg 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 East Petersburg Tax Rate
2.51%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Petersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17520 | 2.06% | 2.51% | 2.51% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across East Petersburg, Pennsylvania
In East Petersburg, 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 East Petersburg, 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 East Petersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in East Petersburg is $162,900, with the highest and lowest median tax bills both recorded at $4,041 in zip code 17520.
Property Tax Assessment Values Across East Petersburg, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average East Petersburg Assessed Value
$162,900
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 East Petersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17520 | $122,200 | $140,100 | $162,900 | $198,900 | $301,100 |
Source: Ownwell
Property Tax Bills Across East Petersburg, Pennsylvania
In East Petersburg, located in Lancaster County, PA, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value of the property, established by the county assessor. For homeowners in East Petersburg, the median home price is $162,900. A variety of factors influence the final tax bill, including the property's location, size, and any improvements made. For instance, tax bills in East Petersburg can range significantly, with the 25th percentile at $3,511 and the 75th percentile at $4,935. The highest median tax bill in the area is recorded at $4,041. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. The property tax system in East Petersburg ensures that homeowners contribute to essential public services, including schools, infrastructure, and emergency services, reflecting the community's commitment to maintaining a high quality of life.
Average East Petersburg Tax Bill
$4,041
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Petersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17520 | $3,066 | $3,511 | $4,041 | $4,935 | $6,551 |
Source: Ownwell