Refton, Pennsylvania Property Taxes
The median property tax rate in Refton, PA is 2.07%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Refton, the typical annual property tax bill reaches $3,366, exceeding the national median of $2,690. Property taxes in Refton 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 Refton'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 Refton 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
Refton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$3,364
-$35,252
Ownwell’s Refton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Refton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Refton 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 Refton, Pennsylvania
Property taxes in Refton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Refton is 2.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Refton set these rates annually, and they can vary across different neighborhoods. Each year, Refton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total assessed 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 Refton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17568 has the highest median property tax rate of 2.07%, while the lowest median tax rate is also 2.07% in the same zip code. Understanding how these figures compare with Refton 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 Refton Tax Rate
2.07%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Refton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17568 | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Refton, Pennsylvania
In Refton, 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 Refton, 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 Refton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Refton is found in zip code 17568, amounting to $3,366.
Average Refton Assessed Value
$162,500
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 Refton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17568 | $134,100 | $146,500 | $162,500 | $180,750 | $214,300 |
Source: Ownwell
Property Tax Bills Across Refton, Pennsylvania
In Refton, Lancaster County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to derive the annual tax bill. Homeowners in Refton typically see tax bills that vary based on the value of their property. For instance, the tax bill at the 25th percentile is around $3,035, while those at the 75th percentile pay approximately $3,744. The 90th percentile tax bill can reach up to $4,439. The median home price in Refton is $162,500, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Refton may find their tax bills relatively higher. This can significantly impact household budgets, making it essential for homeowners to understand how their tax bills are determined and explore any available exemptions or appeal options.
Average Refton Tax Bill
$3,366
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Refton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17568 | $2,778 | $3,035 | $3,366 | $3,744 | $4,439 |
Source: Ownwell