Smoketown, Lancaster County, Pennsylvania Property Taxes
The median property tax rate in Smoketown, PA is 1.93%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $193,000 in Smoketown, the typical annual property tax bill reaches $3,722, exceeding the national median of $2,690. Property taxes in Smoketown 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 Smoketown'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 Smoketown 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
Smoketown, Lancaster County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$3,725
$3,457
Ownwell’s Smoketown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smoketown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smoketown 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 Smoketown, Lancaster County, Pennsylvania
Property taxes in Smoketown, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Smoketown is 1.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Smoketown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smoketown 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 Smoketown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17576 zip code has the highest median property tax rate of 1.93%, while the 17576 zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Smoketown 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 Smoketown 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 Smoketown, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17576 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Smoketown, Lancaster County, Pennsylvania
In Smoketown, 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 Appraisal District 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 Smoketown, 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 median home price in Smoketown is $193,000, with tax bills ranging from $3,223 at the 25th percentile to $5,062 at the 90th percentile. The zip code with the highest and lowest median tax bill is 17576, with a value of $3,722. Being aware of these valuation processes in Smoketown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Smoketown, Lancaster County, Pennsylvania
Source: Ownwell
$118,800
$189,350
$259,900
Average Smoketown Assessed Value
$193,000
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 Smoketown, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17576 | $145,010 | $167,125 | $193,000 | $224,000 | $262,490 |
Source: Ownwell
Property Tax Bills Across Smoketown, Lancaster County, Pennsylvania
In Smoketown, Lancaster County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is a percentage of the property's market value. For homeowners in Smoketown, the median home price is $193,000. The property tax rate in Lancaster County is higher than the national median of 0.99%, leading to significant tax bills for residents. Several factors influence the final tax bill, including the property's location, size, and condition. Homeowners in the 25th percentile can expect to pay around $3,223, while those in the 75th percentile face bills of approximately $4,320. At the 90th percentile, tax bills can soar to $5,062. This variation highlights the impact of property values and local tax rates on homeowners. Higher tax bills can affect affordability and long-term financial planning, making it essential for property owners to understand their tax obligations.
Property Tax Bills Across Smoketown, Lancaster County, Pennsylvania
Source: Ownwell
$2,365
$4,201
$6,036
Average Smoketown Tax Bill
$3,722
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Smoketown, Lancaster County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17576 | $2,797 | $3,223 | $3,722 | $4,320 | $5,062 |
Source: Ownwell