Mountville, Pennsylvania Property Taxes
The median property tax rate in Mountville, PA is 2.15%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mountville at $169,700, the typical annual property tax bill reaches $3,704, exceeding the national median of $2,690. Property taxes in Mountville 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 Mountville'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 Mountville 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
Mountville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$3,649
-$38,237
Ownwell’s Mountville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountville 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 Mountville, Pennsylvania
Property taxes in Mountville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountville is 2.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mountville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountville 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 Mountville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17554 zip code has the highest median property tax rate of 2.15%, while the same 17554 zip code also has the lowest median tax rate of 2.15%. Understanding how these cities compare with Mountville 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 Mountville Tax Rate
2.15%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17554 | 2.14% | 2.15% | 2.15% | 2.23% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Mountville, Pennsylvania
In Mountville, 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 Mountville, 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 Mountville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,704 in the 17554 zip code, while the lowest median tax bill is also $3,704.
Property Tax Assessment Values Across Mountville, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Mountville Assessed Value
$169,700
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 Mountville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17554 | $122,100 | $146,100 | $169,700 | $203,700 | $255,960 |
Source: Ownwell
Property Tax Bills Across Mountville, Pennsylvania
In Mountville, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is a percentage of the property's market value, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Mountville, the median home price stands at $169,700. Tax bills in this area vary significantly, with the 25th percentile at $3,225 and the 75th percentile at $4,488. The 90th percentile tax bill can reach up to $5,529. Comparatively, Mountville's property taxes are higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting homeowners. High property taxes can influence the cost of living and the overall affordability of owning a home in Mountville, making it crucial for homeowners to understand their tax obligations.
Average Mountville Tax Bill
$3,704
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17554 | $2,708 | $3,225 | $3,704 | $4,488 | $5,529 |
Source: Ownwell