Quarryville, Pennsylvania Property Taxes
The median property tax rate in Quarryville, PA is 1.48%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Quarryville at $193,800, the typical annual property tax bill reaches $3,102, exceeding the national median of $2,690. Property taxes in Quarryville 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 Quarryville'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 Quarryville 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
Quarryville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,868
-$30,059
Ownwell’s Quarryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quarryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quarryville 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 Quarryville, Pennsylvania
Property taxes in Quarryville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quarryville is 1.48%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Quarryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quarryville 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 Quarryville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the ZIP code 17566 has the highest median property tax rate of 1.48%, while the same ZIP code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Quarryville 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 Quarryville Tax Rate
1.48%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quarryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17566 | 1.46% | 1.46% | 1.48% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Quarryville, Pennsylvania
In Quarryville, 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 Quarryville, 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 Quarryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Quarryville is $193,800, with tax bills ranging from $2,476 at the 25th percentile to $4,984 at the 90th percentile.
Property Tax Assessment Values Across Quarryville, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Quarryville Assessed Value
$193,800
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 Quarryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17566 | $116,060 | $152,300 | $193,800 | $248,000 | $325,440 |
Source: Ownwell
Property Tax Bills Across Quarryville, Pennsylvania
In Quarryville, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Quarryville is $193,800. The assessed value is determined by local government assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Quarryville can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $2,476, while the 75th percentile tax bill is $3,986, and the 90th percentile tax bill reaches $4,984. These figures illustrate the range of tax liabilities that homeowners might face, influenced by property values and specific local tax rates. The highest median tax bill in the area is $3,102, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual expenses.
Average Quarryville Tax Bill
$3,102
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Quarryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17566 | $1,819 | $2,476 | $3,102 | $3,986 | $4,984 |
Source: Ownwell