Loysville, Pennsylvania Property Taxes
The median property tax rate in Loysville, PA is 1.20%, slightly higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With the median home value in Loysville at $160,600, the typical annual property tax bill amounts to $1,927, which is below the national median of $2,690. Property taxes in Loysville 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 Loysville'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 Loysville or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Loysville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,927
Ownwell’s Loysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loysville 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 Perry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Loysville, Pennsylvania
Property taxes in Loysville, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loysville is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Loysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loysville 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 Loysville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17047 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Loysville provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Loysville Tax Rate
1.20%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17047 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Loysville, Pennsylvania
In Loysville, 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 Perry 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 Loysville, 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 Loysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17047 has the highest and lowest median tax bill, both at $1927.
Average Loysville Assessed Value
$160,600
Average Perry County Assessed Value
$142,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Loysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17047 | $55,160 | $102,200 | $160,600 | $264,500 | $467,000 |
Source: Ownwell
Property Tax Bills Across Loysville, Pennsylvania
In Loysville, located in Perry County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor’s office, which evaluates the property’s market value and applies an assessment ratio. Homeowners in Loysville can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,226, while at the 75th percentile, it rises to approximately $3,174. Those at the 90th percentile might see bills as high as $5,604. The median home price in Loysville is $160,600, and the property tax rate in Perry County is competitive when compared to the national median property tax rate of 0.99%. Homeowners with properties in the zip code 17047 experience a consistent median tax bill of $1,927. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for residents.
Average Loysville Tax Bill
$1,927
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Loysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17047 | $662 | $1,226 | $1,927 | $3,174 | $5,604 |
Source: Ownwell