Stevens, Pennsylvania Property Taxes
The median property tax rate in Stevens, PA is 2.37%, notably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $178,450 in Stevens, the typical annual property tax bill amounts to $4,138, surpassing the national median of $2,690. Property taxes in Stevens are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stevens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stevens 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
Stevens, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$4,229
-$44,323
Ownwell’s Stevens Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stevens. With just two data points, you can quickly determine your property tax bill by entering your property's estimated assessed value. The calculator applies the median tax rate in Stevens to give you an accurate estimate of your potential tax liabilities. This tool is designed to provide clear insights into your property tax obligations, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Lancaster County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Stevens, Pennsylvania
Property taxes in Stevens, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevens is 2.37%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Stevens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevens 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 Stevens' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17578 has the highest median property tax rate of 2.37%, while the same zip code also has the lowest median tax rate of 2.37%. Understanding how these cities compare with Stevens 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 Stevens Tax Rate
2.37%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevens, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17578 | 2.18% | 2.37% | 2.37% | 2.37% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Stevens, Pennsylvania
In Stevens, 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 Stevens, 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 Stevens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $178,450, with the highest median tax bill in zip code 17578 at $4,138.
Average Stevens Assessed Value
$178,450
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 Stevens, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17578 | $78,130 | $139,300 | $178,450 | $226,925 | $298,400 |
Source: Ownwell
Property Tax Bills Across Stevens, Pennsylvania
In Stevens, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. The median home price in Stevens is $178,450, which serves as a baseline for these calculations. Homeowners in this area face a range of tax bills, with the 25th percentile at $3,220 and the 75th percentile at $5,243, reflecting the variability in home values and tax rates. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, properties in the 90th percentile can see tax bills as high as $6,974. Compared to the national median property tax rate of 0.99%, Stevens homeowners often experience higher tax rates, which can significantly impact their annual financial planning and overall cost of homeownership.
Average Stevens Tax Bill
$4,138
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevens, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17578 | $1,848 | $3,220 | $4,138 | $5,243 | $6,974 |
Source: Ownwell