Elizabethtown, Lancaster County, Pennsylvania Property Taxes
The median property tax rate in Elizabethtown, PA is 2.37%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Elizabethtown at $173,600, the typical annual property tax bill reaches $4,272, exceeding the national median of $2,690. Property taxes in Elizabethtown 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 Elizabethtown'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 Elizabethtown 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
Elizabethtown, Lancaster County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$4,114
$3,818
Ownwell’s Elizabethtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elizabethtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elizabethtown 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 Elizabethtown, Lancaster County, Pennsylvania
Property taxes in Elizabethtown, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Elizabethtown is 2.37%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Elizabethtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elizabethtown 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 Elizabethtown's effective property tax rate to other areas in Lancaster County and the national median. For comparison, the 17022 zip code has the highest median property tax rate of 2.37%, while the lowest median tax rate within the same zip code is also 2.37%. Understanding how these figures compare with Elizabethtown 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 Elizabethtown, Lancaster County, Pennsylvania
Source: Ownwell
1.45%
2.59%
3.74%
Average Elizabethtown Tax Rate
2.37%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elizabethtown, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17022 | 2.28% | 2.28% | 2.37% | 2.61% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Elizabethtown, Lancaster County, Pennsylvania
In Elizabethtown, 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 Elizabethtown, 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 Elizabethtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,272 in the 17022 zip code, while the lowest median tax bill is also $4,272 in the same zip code.
Property Tax Assessment Values Across Elizabethtown, Lancaster County, Pennsylvania
Source: Ownwell
$118,800
$189,350
$259,900
Average Elizabethtown Assessed Value
$173,600
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 Elizabethtown, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17022 | $116,500 | $139,900 | $173,600 | $225,225 | $281,150 |
Source: Ownwell
Property Tax Bills Across Elizabethtown, Lancaster County, Pennsylvania
In Elizabethtown, located in Lancaster County, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Elizabethtown is $173,600. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, homeowners in the 25th percentile can expect to pay around $3,416, while those in the 75th percentile might see bills closer to $5,455. At the 90th percentile, tax bills can reach up to $6,665. The highest median tax bill in the area is $4,272, which aligns with the national median property tax rate of 0.99%. These figures highlight the variability in tax bills based on property values and local tax rates. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services, making it crucial to understand how these factors influence their annual financial obligations.
Property Tax Bills Across Elizabethtown, Lancaster County, Pennsylvania
Source: Ownwell
$2,365
$4,201
$6,036
Average Elizabethtown Tax Bill
$4,272
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elizabethtown, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17022 | $2,875 | $3,416 | $4,272 | $5,455 | $6,665 |
Source: Ownwell