Mount Gretna, Lebanon County, Pennsylvania Property Taxes
The median property tax rate in Mount Gretna, PA is 2.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mount Gretna at $238,911, the typical annual property tax bill reaches $5,218, significantly exceeding the national median of $2,690. Property taxes in Mount Gretna 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 Mount Gretna'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 Mount Gretna 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
Mount Gretna, Lebanon County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$5,304
$4,922
Ownwell’s Mount Gretna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Gretna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Gretna 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 Mount Gretna, Lebanon County, Pennsylvania
Property taxes in Mount Gretna, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Gretna stands at 2.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mount Gretna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Gretna 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 Mount Gretna's effective property tax rate to other areas in Lebanon County and the national median. For comparison, the zip code 17064 has the highest median property tax rate of 2.22%, while the same zip code also has the lowest median tax rate of 2.22%. Understanding how these figures compare with Mount Gretna provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Gretna Tax Rate
2.22%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Gretna, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17064 | 2.13% | 2.13% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Mount Gretna, Lebanon County, Pennsylvania
In Mount Gretna, 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 Lebanon 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 Mount Gretna, 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. In Mount Gretna, the median home price is $238,911, with property tax bills ranging from $4,397 at the 25th percentile to $6,836 at the 90th percentile. The zip code 17064 has the highest and lowest median tax bill at $5,218. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Gretna, Lebanon County, Pennsylvania
Source: Ownwell
$81,364
$241,606
$401,847
Average Mount Gretna Assessed Value
$238,911
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Gretna, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17064 | $171,580 | $204,106 | $238,911 | $279,568 | $313,449 |
Source: Ownwell
Property Tax Bills Across Mount Gretna, Lebanon County, Pennsylvania
In Mount Gretna, property tax bills are determined based on the assessed value of a home and the local tax rate. The 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 example, the median home price in Mount Gretna is $238,911. Homeowners in this area can expect tax bills that vary significantly, with the 25th percentile at $4,397 and the 75th percentile at $6,098. Several factors influence these variations, including property size, location, and improvements. The highest median tax bill recorded in the area is $5,218, while the lowest is also $5,218, indicating a consistent tax rate within the zip code 17064. Compared to the national median property tax rate of 0.99%, Mount Gretna's property taxes can be relatively high, impacting homeowners by increasing their annual expenses and influencing decisions related to property investment and homeownership.
Property Tax Bills Across Mount Gretna, Lebanon County, Pennsylvania
Source: Ownwell
$1,605
$5,115
$8,624
Average Mount Gretna Tax Bill
$5,218
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Gretna, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17064 | $3,623 | $4,397 | $5,218 | $6,098 | $6,836 |
Source: Ownwell