Willow Streetreet, Pennsylvania Property Taxes
The median property tax rate in Willow Street, 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 Willow Street at $143,400, the typical annual property tax bill reaches $2,970, exceeding the national median of $2,690. Property taxes in Willow Street 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 Willow Street'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 Willow Street or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willow Streetreet, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$2,968
-$31,109
Ownwell’s Willow Street Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Street with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Street 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 Willow Streetreet, Pennsylvania
Property taxes in Willow Street, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow Street is 2.07%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Willow Street set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow Street 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 Willow Street's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19584 zip code has the highest median property tax rate of 2.07%, while the 19584 zip code also has the lowest median tax rate of 2.07%. Understanding how these cities compare with Willow Street 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 Willow Streetreet 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 Willow Streetreet, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19584 | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Willow Streetreet, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Willow Street, PA. 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 Willow Street, 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 Willow Street helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Willow Street are both $2,970, notably within the 19584 zip code.
Property Tax Assessment Values Across Willow Streetreet, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average Willow Streetreet Assessed Value
$143,400
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 Willow Streetreet, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19584 | $143,400 | $143,400 | $143,400 | $143,400 | $143,400 |
Source: Ownwell
Property Tax Bills Across Willow Streetreet, Pennsylvania
In Willow Street, 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 median home price in this area is $143,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors that influence the tax bill include the property's assessed value and the local tax rate. For Willow Street, the tax bill for the 25th, 75th, and 90th percentiles is consistently $2,970. This amount is notably higher than the national median property tax rate of 0.99%, reflecting the specific valuation and tax policies in Lancaster County. Homeowners in Willow Street can expect a relatively uniform tax bill, regardless of minor variations in property values. This consistency provides a predictable financial obligation, which can be beneficial for budgeting purposes. However, it also means that homeowners should be prepared for a tax rate that is higher than the national average, impacting overall housing affordability.
Average Willow Streetreet Tax Bill
$2,970
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Streetreet, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19584 | $2,970 | $2,970 | $2,970 | $2,970 | $2,970 |
Source: Ownwell