Nottingham, Pennsylvania Property Taxes
The median property tax rate in Nottingham, PA is 1.46%, considerably higher than the national median of 0.99% but significantly lower than Pennsylvania's state median of 2.81%. With the median home value in Nottingham at $213,900, the typical annual property tax bill reaches $3,114, surpassing the national median of $2,690. Property taxes in Nottingham 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 Nottingham'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 Nottingham 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
Nottingham, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$3,123
-$32,728
Ownwell’s Nottingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nottingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nottingham 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 Nottingham, Pennsylvania
Property taxes in Nottingham, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nottingham is 1.46%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Nottingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nottingham 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 Nottingham's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19362 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Nottingham 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 Nottingham Tax Rate
1.46%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nottingham, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19362 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Nottingham, Pennsylvania
In Nottingham, 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 Nottingham, 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 Nottingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Nottingham is $3,114 in the 19362 zip code, while the lowest median tax bill is also $3,114 in the same zip code.
Property Tax Assessment Values Across Nottingham, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Nottingham Assessed Value
$213,900
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 Nottingham, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19362 | $86,800 | $167,500 | $213,900 | $271,450 | $350,580 |
Source: Ownwell
Property Tax Bills Across Nottingham, Pennsylvania
In Nottingham, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The median home price in Nottingham stands at $213,900. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners in Nottingham, the tax bill can vary significantly. The 25th percentile of tax bills is around $2,438, while the 75th percentile reaches $3,951, and the 90th percentile climbs to $5,103. This range indicates that higher-value properties or those in more desirable locations will incur higher taxes. Comparatively, Nottingham's property tax rate is above the national median of 0.99%, making it essential for homeowners to understand how their tax bills are calculated. This knowledge can help them anticipate annual expenses and potentially seek appeals or exemptions to reduce their tax burden.
Average Nottingham Tax Bill
$3,114
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nottingham, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19362 | $1,257 | $2,438 | $3,114 | $3,951 | $5,103 |
Source: Ownwell