Washington Boro, Pennsylvania Property Taxes
The median property tax rate in Washington Boro, PA is 2.14%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Washington Boro at $192,100, the typical annual property tax bill reaches $4,113, exceeding the national median of $2,690. Property taxes in Washington Boro 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 Washington Boro'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 Washington Boro 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
Washington Boro, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$4,111
-$43,083
Ownwell’s WASHINGTON BORO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WASHINGTON BORO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WASHINGTON BORO 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 Washington Boro, Pennsylvania
Property taxes in WASHINGTON BORO, PA, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in WASHINGTON BORO is 2.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within WASHINGTON BORO set these rates annually, and they can vary significantly across different neighborhoods. Each year, WASHINGTON BORO 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 WASHINGTON BORO's effective property tax rate to other areas in Lancaster County and the national median. For comparison, the zip code 17582 has both the highest and lowest median property tax rate of 2.14%. Understanding how these areas compare with WASHINGTON BORO 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 Washington Boro Tax Rate
2.14%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington Boro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17582 | 2.14% | 2.14% | 2.14% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Washington Boro, Pennsylvania
In Washington Boro, 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 Washington Boro, 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 Washington Boro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Washington Boro’s highest and lowest median tax bills are both $4,113, found in the 17582 zip code.
Property Tax Assessment Values Across Washington Boro, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Washington Boro Assessed Value
$192,100
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 Washington Boro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17582 | $136,000 | $160,000 | $192,100 | $249,300 | $300,660 |
Source: Ownwell
Property Tax Bills Across Washington Boro, Pennsylvania
In Washington Boro, located in Lancaster County, PA, property tax bills are determined based on the assessed value of a home. This assessed value is a percentage of the market value of the property, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners, the median home price in Washington Boro is $192,100. Property tax bills can vary significantly within the community. For example, the tax bill at the 25th percentile is $3,427, while at the 75th percentile, it rises to $5,341. At the 90th percentile, homeowners could see a tax bill as high as $6,434. These variations highlight how different factors such as property size, location, and improvements can impact the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Washington Boro might find their tax bills higher due to the specific assessed values and tax rates in Lancaster County. This can significantly affect budgeting and financial planning for residents.
Average Washington Boro Tax Bill
$4,113
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington Boro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17582 | $2,914 | $3,427 | $4,113 | $5,341 | $6,434 |
Source: Ownwell