Gordonville, Pennsylvania Property Taxes
The median property tax rate in Gordonville, PA is 1.85%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Gordonville, the typical annual property tax bill reaches $4,593, exceeding the national median of $2,690. Property taxes in Gordonville 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 Gordonville'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 Gordonville 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
Gordonville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$4,570
-$47,888
Ownwell’s Gordonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordonville 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 Gordonville, Pennsylvania
Property taxes in Gordonville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordonville is 1.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Gordonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordonville 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 Gordonville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17529 has both the highest and lowest median property tax rate of 1.85%. Understanding how these cities compare with Gordonville 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 Gordonville Tax Rate
1.85%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordonville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17529 | 1.85% | 1.85% | 1.85% | 1.85% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Gordonville, Pennsylvania
In Gordonville, 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 Gordonville, 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 Gordonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the region are both $4593, associated with the zip code 17529.
Property Tax Assessment Values Across Gordonville, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Gordonville Assessed Value
$247,000
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 Gordonville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17529 | $54,400 | $179,650 | $247,000 | $309,350 | $371,260 |
Source: Ownwell
Property Tax Bills Across Gordonville, Pennsylvania
In Gordonville, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $247,000, homeowners can expect varying tax bills depending on the assessed value and specific millage rate applied. The tax bill can range significantly, with the 25th percentile at $3,350 and the 75th percentile reaching $5,738, while the 90th percentile goes up to $6,892. This variability highlights the impact of different assessment values and tax rates within the region. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Gordonville should be aware of these factors, as higher property taxes can influence overall housing affordability and long-term financial planning.
Average Gordonville Tax Bill
$4,593
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordonville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17529 | $1,008 | $3,350 | $4,593 | $5,738 | $6,892 |
Source: Ownwell