Kirkwood, Pennsylvania Property Taxes
The median property tax rate in Kirkwood, PA is 1.48%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kirkwood at $235,700, the typical annual property tax bill reaches $3,495, exceeding the national median of $2,690. Property taxes in Kirkwood 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 Kirkwood'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 Kirkwood 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
Kirkwood, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$3,488
-$36,558
Ownwell’s Kirkwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kirkwood with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kirkwood to provide an estimate of your property tax bill. This valuable tool offers insights into potential tax liabilities, aiding in better financial planning. For those interested in more granular details, localized information on neighborhood trends is available below. Your property’s assessed value, determined by Lancaster County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Kirkwood, Pennsylvania
Property taxes in Kirkwood, PA, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kirkwood is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kirkwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirkwood 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 Kirkwood's effective property tax rate to other areas and the national median. For comparison, the zip code 17536 has the highest median property tax rate of 1.48%, while the lowest median tax rate is also 1.48% in the same zip code. Understanding how these areas compare with Kirkwood 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 Kirkwood Tax Rate
1.48%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirkwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17536 | 1.46% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Kirkwood, Pennsylvania
In Kirkwood, 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 Kirkwood, 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 Kirkwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Kirkwood is $3,495 in the 17536 zip code, while the lowest median tax bill is also $3,495 in the same zip code.
Average Kirkwood Assessed Value
$235,700
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 Kirkwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17536 | $142,870 | $189,975 | $235,700 | $289,475 | $349,120 |
Source: Ownwell
Property Tax Bills Across Kirkwood, Pennsylvania
In Kirkwood, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the Lancaster County tax assessor's office. The assessed value is a percentage of the property's market value, and this figure is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $235,700, homeowners can expect varying tax bills depending on the assessed value and the specific rate applied. Several factors influence the tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rate set by local authorities. In Kirkwood, the 25th percentile tax bill is around $2,823, while the 75th percentile reaches approximately $4,281, and the 90th percentile can go up to $5,155. These figures highlight the range of potential tax burdens on homeowners, emphasizing the importance of understanding local tax rates and assessment practices. Compared to the national median property tax rate of 0.99%, Kirkwood's tax rates can significantly impact homeowners' annual expenses.
Average Kirkwood Tax Bill
$3,495
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirkwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17536 | $2,111 | $2,823 | $3,495 | $4,281 | $5,155 |
Source: Ownwell