Paradise, Pennsylvania Property Taxes
The median property tax rate in Paradise, PA is 1.93%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Paradise at $200,800, the typical annual property tax bill reaches $3,804, exceeding the national median of $2,690. Property taxes in Paradise 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 Paradise'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 Paradise 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
Paradise, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$3,875
-$40,615
Ownwell’s Paradise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paradise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paradise 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 Paradise, Pennsylvania
Property taxes in Paradise, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paradise is 1.39%, which is higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Paradise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paradise 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 Paradise's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17562 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Paradise 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 Paradise Tax Rate
1.93%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paradise, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17562 | 1.47% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Paradise, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paradise, PA. 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 Paradise, 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 highest median tax bill in Paradise is $3,804 in zip code 17562, while the lowest median tax bill is also $3,804 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paradise Assessed Value
$200,800
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 Paradise, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17562 | $113,000 | $157,600 | $200,800 | $272,000 | $364,880 |
Source: Ownwell
Property Tax Bills Across Paradise, Pennsylvania
In Paradise, PA, located in Lancaster County, property tax bills are calculated based on the assessed value of a home combined with the local tax rate. For a home with a median price of $200,800, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill at the 25th percentile is around $2,808, while at the 75th percentile, it rises to approximately $5,355. For those in the 90th percentile, the tax bill can soar to $7,122. These figures illustrate how property taxes can significantly impact homeowners, with the highest median tax bill in the area being $3,804. Compared to the national median property tax rate of 0.99%, Paradise's property tax rates can vary widely, affecting the overall cost of homeownership. Homeowners should consider these factors when budgeting for their annual expenses, as property taxes represent a substantial portion of their financial obligations.
Average Paradise Tax Bill
$3,804
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Paradise, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17562 | $2,124 | $2,808 | $3,804 | $5,355 | $7,122 |
Source: Ownwell