Millerstown, Pennsylvania Property Taxes
The median property tax rate in Millerstown, PA is 1.75%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Millerstown at $153,550, the typical annual property tax bill reaches $2,655, slightly below the national median of $2,690. Property taxes in Millerstown 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 Millerstown'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 Millerstown 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
Millerstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$2,687
Ownwell’s Millerstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millerstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millerstown 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 Millerstown, Pennsylvania
Property taxes in Millerstown, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millerstown is 1.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Millerstown set these rates annually, and they can vary across different neighborhoods. Each year, Millerstown 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 Millerstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17062 zip code has both the highest and the lowest median property tax rate of 1.75%. Understanding how these areas compare with Millerstown 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 Millerstown Tax Rate
1.75%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17062 | 1.75% | 1.75% | 1.75% | 1.75% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Millerstown, Pennsylvania
In Millerstown, 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 Millerstown, 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 Millerstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $2,655, with the highest and lowest median tax bills both recorded in the 17062 zip code.
Property Tax Assessment Values Across Millerstown, Pennsylvania
Source: Ownwell
$42,600
$106,125
$169,650
Average Millerstown Assessed Value
$153,550
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 Millerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17062 | $60,530 | $98,300 | $153,550 | $234,700 | $392,490 |
Source: Ownwell
Property Tax Bills Across Millerstown, Pennsylvania
In Millerstown, Perry County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $153,550, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,696, while those in the 75th percentile might see bills as high as $4,035. The top 10% of properties face tax bills up to $6,558. These figures illustrate the range that homeowners might encounter, depending on their property's assessed value and location within the city. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local rates and assessments impact their finances. Accurate assessments and understanding local tax rates can significantly influence a homeowner's annual expenses, emphasizing the importance of staying informed about property tax calculations.
Average Millerstown Tax Bill
$2,655
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Millerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17062 | $1,010 | $1,696 | $2,655 | $4,035 | $6,558 |
Source: Ownwell