Maytown, Pennsylvania Property Taxes
The median property tax rate in Maytown, PA is 2.51%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $151,400 in Maytown, the typical annual property tax bill reaches $3,802, far exceeding the national median of $2,690. Property taxes in Maytown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Maytown'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 Maytown 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
Maytown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.51%
Estimate Property Tax Bill
$3,800
-$39,825
Ownwell’s Maytown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maytown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maytown 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 Maytown, Pennsylvania
Property taxes in Maytown, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Maytown is 1.29%, which is higher than both the Pennsylvania state median of 1.27% and the U.S. national median of 0.99%. Local government entities within Maytown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maytown 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 Maytown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17550 zip code has both the highest and lowest median property tax rate of 1.29%, illustrating a uniformity in tax rates within Maytown. Understanding how these rates compare with Maytown 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 Maytown 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 Maytown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17550 | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Maytown, Pennsylvania
In Maytown, 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 Maytown, 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 Maytown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Maytown, the zip code with the highest median tax bill is 17550, with a median tax bill of $3,802.
Average Maytown Assessed Value
$151,400
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 Maytown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17550 | $110,300 | $127,725 | $151,400 | $190,550 | $231,320 |
Source: Ownwell
Property Tax Bills Across Maytown, Pennsylvania
In Maytown, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. Homeowners in Maytown can expect tax bills that vary significantly; for example, the 25th percentile tax bill is around $3,208, while the 75th percentile tax bill is approximately $4,785. The 90th percentile tax bill can go up to $5,809. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners should be aware that higher property taxes can impact overall affordability and long-term financial planning.
Average Maytown Tax Bill
$3,802
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Maytown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17550 | $2,771 | $3,208 | $3,802 | $4,785 | $5,809 |
Source: Ownwell