Reinholds, Pennsylvania Property Taxes
The median property tax rate in Reinholds, PA is 2.38%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Reinholds, the typical annual property tax bill reaches $4,391, exceeding the national median of $2,690. Property taxes in Reinholds 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 Reinholds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Reinholds 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
Reinholds, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$4,453
-$46,667
Ownwell’s Reinholds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reinholds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reinholds 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 Reinholds, Pennsylvania
Property taxes in Reinholds, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reinholds is 2.38%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Reinholds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reinholds 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 Reinholds' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17569 has both the highest and lowest median property tax rate of 2.38%. Understanding how these areas compare with Reinholds 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 Reinholds Tax Rate
2.38%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reinholds, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17569 | 2.37% | 2.37% | 2.38% | 2.38% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Reinholds, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Reinholds, Pennsylvania. 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 Reinholds, 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 Reinholds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $4,391 in the 17569 zip code.
Average Reinholds Assessed Value
$187,100
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 Reinholds, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17569 | $116,910 | $147,200 | $187,100 | $232,400 | $334,230 |
Source: Ownwell
Property Tax Bills Across Reinholds, Pennsylvania
Property tax bills in Reinholds, located in Lancaster County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office and reflects a percentage of the property's market value. For homeowners in Reinholds, the median home price is $187,100. The property tax rate in this region is higher than the national median property tax rate of 0.99%. Tax bills can vary significantly, with the 25th percentile at $3,462, the 75th percentile at $5,469, and the 90th percentile reaching up to $7,786. These variations are influenced by factors such as property size, location, and improvements. Homeowners in the zip code 17569, which includes Reinholds, experience a median tax bill of $4,391, which is both the highest and lowest median tax bill in this area. Higher property tax bills can affect homeowners by increasing their overall housing costs, potentially impacting affordability and financial planning. Understanding these factors is crucial for residents to manage their expenses effectively.
Average Reinholds Tax Bill
$4,391
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Reinholds, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17569 | $2,739 | $3,462 | $4,391 | $5,469 | $7,786 |
Source: Ownwell