Richfield, Snyder County, Pennsylvania Property Taxes
The median property tax rate in Richfield, PA is 2.38%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Richfield at $17,850, the typical annual property tax bill reaches $425, which is below the national median of $2,690. Property taxes in Richfield 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 Richfield'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 Richfield or another part of Snyder County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Richfield, Snyder County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$425
$394
Ownwell’s Richfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Richfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richfield 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 Richfield, Snyder County, Pennsylvania
Property taxes in Richfield, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Richfield is 2.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Richfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richfield 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 Richfield's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17086 has the highest median property tax rate of 2.38%, while the same zip code also has the lowest median tax rate of 2.38%. Understanding how these areas compare with Richfield provides valuable insights into the varying tax landscape across Snyder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Richfield Tax Rate
2.38%
Average Snyder County Tax Rate
2.51%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richfield, Snyder County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17086 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Richfield, Snyder County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Richfield, PA. 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 Snyder 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 Richfield, 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 Richfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 17086, both at $425.
Property Tax Assessment Values Across Richfield, Snyder County, Pennsylvania
Source: Ownwell
$7,910
$17,100
$26,290
Average Richfield Assessed Value
$17,850
Average Snyder County Assessed Value
$20,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Richfield, Snyder County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17086 | $6,748 | $10,210 | $17,850 | $24,790 | $32,234 |
Source: Ownwell
Property Tax Bills Across Richfield, Snyder County, Pennsylvania
In Richfield, located in Snyder 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 and reflects a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $17,850, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $243, while at the 75th percentile, they can reach up to $590. The 90th percentile tax bill is approximately $768. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Richfield may find their tax burden relatively low compared to the national median property tax rate of 0.99%, making it an attractive location for those seeking affordability. However, the exact tax bill can vary depending on specific property assessments and local levies.
Average Richfield Tax Bill
$425
Average Snyder County Tax Bill
$582
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Richfield, Snyder County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17086 | $161 | $243 | $425 | $590 | $768 |
Source: Ownwell