Goodville, Pennsylvania Property Taxes
The median property tax rate in Goodville, PA is 1.75%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Goodville at $169,300, the typical annual property tax bill reaches $2,956, exceeding the national median of $2,690. Property taxes in Goodville 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 Goodville'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 Goodville 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
Goodville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$2,963
-$31,050
Ownwell’s Goodville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goodville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodville 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 Goodville, Pennsylvania
Property taxes in Goodville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodville is 1.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Goodville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodville 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 Goodville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17528 zip code has the highest median property tax rate of 1.75%, while the 17528 zip code also has the lowest median tax rate of 1.75%. Understanding how these areas compare with Goodville 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 Goodville Tax Rate
1.75%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17528 | 1.75% | 1.75% | 1.75% | 1.75% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Goodville, Pennsylvania
In Goodville, 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 Goodville, 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 Goodville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Goodville, the highest median tax bill is $2,956 in the 17528 zip code, while the lowest median tax bill also stands at $2,956 in the same zip code. The median home price is $169,300, and tax bills range from $2,570 at the 25th percentile to $3,386 at the 90th percentile.
Average Goodville Assessed Value
$169,300
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 Goodville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17528 | $120,500 | $136,000 | $169,300 | $172,500 | $193,920 |
Source: Ownwell
Property Tax Bills Across Goodville, Pennsylvania
In Goodville, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For instance, with a median home price of $169,300, homeowners can expect to pay a property tax bill around the 75th percentile, which is approximately $3,012. This is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or abatements. Homeowners in Goodville face tax bills ranging from $2,570 at the 25th percentile to $3,386 at the 90th percentile, reflecting a substantial variation based on property values and local tax policies. These property tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning.
Average Goodville Tax Bill
$2,956
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17528 | $2,104 | $2,570 | $2,956 | $3,012 | $3,386 |
Source: Ownwell