Witmer, Pennsylvania Property Taxes
The median property tax rate in Witmer, PA is 1.93%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Witmer reaching $234,000, the typical annual property tax bill stands at $4,513, far exceeding the national median of $2,690. Property taxes in Witmer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Witmer'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 Witmer 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
Witmer, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$4,516
-$47,330
Ownwell’s Witmer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Witmer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Witmer 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 Witmer, Pennsylvania
Property taxes in Witmer, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Witmer is 1.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Witmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Witmer 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 Witmer's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17585 has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Witmer 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 Witmer 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 Witmer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17585 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Witmer, Pennsylvania
In Witmer, 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 Witmer, 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. For instance, the median home price in Witmer is $234,000, with tax bills ranging from $3,062 at the 25th percentile to $5,365 at the 90th percentile. The highest median tax bill is $4,513 in the zip code 17585. 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 Witmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Witmer Assessed Value
$234,000
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 Witmer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17585 | $156,940 | $158,800 | $234,000 | $243,700 | $278,200 |
Source: Ownwell
Property Tax Bills Across Witmer, Pennsylvania
In Witmer, Lancaster County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor's office and is a percentage of the property's market value. The property tax rate in this area is then applied to the assessed value to determine the annual tax bill. For instance, with a median home price of $234,000, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is approximately $3,062, while those in the 75th percentile pay around $4,700. At the 90th percentile, tax bills can reach up to $5,365. Factors such as property improvements, neighborhood developments, and changes in market conditions can affect the assessed value, consequently impacting the tax bill. Compared to the national median property tax rate of 0.99%, residents in Witmer may find their property tax bills higher, reflecting the local economic conditions and funding requirements for public services. This variation in tax bills underscores the importance of understanding how property taxes are calculated and their potential impact on homeowners.
Average Witmer Tax Bill
$4,513
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Witmer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17585 | $3,027 | $3,062 | $4,513 | $4,700 | $5,365 |
Source: Ownwell