Yeagertown, Pennsylvania Property Taxes
The median property tax rate in Yeagertown, PA is 3.00%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $55,900 in Yeagertown, the typical annual property tax bill amounts to $1,676, which is below the national median of $2,690. Property taxes in Yeagertown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Yeagertown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Yeagertown 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
Yeagertown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$1,677
Ownwell’s Yeagertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yeagertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yeagertown 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 Yeagertown, Pennsylvania
Property taxes in Yeagertown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yeagertown is 3.00%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Yeagertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yeagertown 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 Yeagertown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17099 zip code has the highest median property tax rate of 3.00%, while the same zip code also has the lowest median tax rate of 3.00%. Understanding how these cities compare with Yeagertown provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yeagertown Tax Rate
3.00%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yeagertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17099 | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Yeagertown, Pennsylvania
In Yeagertown, 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 Mifflin 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 Yeagertown, 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 Yeagertown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,676 in zip code 17099, while the lowest is also $1,676 in the same zip code.
Average Yeagertown Assessed Value
$55,900
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yeagertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17099 | $32,000 | $43,575 | $55,900 | $71,500 | $94,560 |
Source: Ownwell
Property Tax Bills Across Yeagertown, Pennsylvania
In Yeagertown, Mifflin County, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $55,900, homeowners can expect varying tax bills depending on the specific valuation and applicable exemptions. The tax bills in Yeagertown show significant variation, with the 25th percentile at $1,307 and the 75th percentile at $2,145, indicating a broad range of property values and tax liabilities. At the 90th percentile, tax bills can reach up to $2,836, reflecting higher-valued properties or fewer exemptions. Compared to the national median property tax rate of 0.99%, Yeagertown's effective tax rates can be relatively high, impacting homeowners' financial planning and overall cost of living. The highest median tax bill in the area is $1,676, recorded in the 17099 zip code, which underscores the importance of understanding local tax assessments and rates.
Average Yeagertown Tax Bill
$1,676
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Yeagertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17099 | $960 | $1,307 | $1,676 | $2,145 | $2,836 |
Source: Ownwell