Millersville, Pennsylvania Property Taxes
The median property tax rate in Millersville, PA is 2.62%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Millersville, the typical annual property tax bill reaches $4,289, exceeding the national median of $2,690. Property taxes in Millersville 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 Millersville'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 Millersville 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
Millersville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$4,567
-$47,859
Ownwell’s Millersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersville 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 Millersville, Pennsylvania
Property taxes in Millersville, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersville is 1.55%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Millersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersville 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 Millersville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Lancaster County is 1.55%, while the lowest median tax rate is also 1.55%. Understanding how these cities compare with Millersville 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 Millersville Tax Rate
2.62%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17551 | 2.14% | 2.14% | 2.62% | 2.62% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Millersville, Pennsylvania
In Millersville, 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 Millersville, 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. For instance, the median home price in Millersville is $174,300, with tax bills ranging from $3,350 at the 25th percentile to $5,573 at the 75th percentile. The highest median tax bill is $4,289 in the 17551 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Millersville, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Millersville Assessed Value
$174,300
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 Millersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17551 | $121,400 | $143,900 | $174,300 | $230,250 | $312,230 |
Source: Ownwell
Property Tax Bills Across Millersville, Pennsylvania
In Millersville, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $174,300, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. In Millersville, the 25th percentile tax bill is around $3,350, while at the 75th percentile, it rises to approximately $5,573. For those at the 90th percentile, the tax bill can reach up to $6,995. These property taxes significantly impact homeowners, contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners manage their finances and anticipate annual expenses. The highest and lowest median tax bill in the area is $4,289, making it crucial for homeowners to stay informed about their specific tax obligations.
Average Millersville Tax Bill
$4,289
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Millersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17551 | $2,926 | $3,350 | $4,289 | $5,573 | $6,995 |
Source: Ownwell