Tyler Hill, Pennsylvania Property Taxes
The median property tax rate in Tyler Hill, PA is 2.37%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tyler Hill, the typical annual property tax bill reaches $5,057, exceeding the national median of $2,690. Property taxes in Tyler Hill 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 Tyler Hill'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 Tyler Hill 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
Tyler Hill, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$5,049
Ownwell’s Tyler Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tyler Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tyler Hill 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 Tyler Hill, Pennsylvania
Property taxes in Tyler Hill, Pennsylvania, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Tyler Hill is 2.37%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tyler Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tyler Hill 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 Tyler Hill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18469 zip code has the highest median property tax rate of 2.37%, while the 18469 zip code also has the lowest median tax rate of 2.37%. Understanding how these cities compare with Tyler Hill provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tyler Hill Tax Rate
2.37%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tyler Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18469 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Tyler Hill, Pennsylvania
In Tyler Hill, 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 local appraisal district 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 Tyler Hill, 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 Tyler Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tyler Hill are both $5,057, found in the zip code 18469.
Average Tyler Hill Assessed Value
$213,050
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tyler Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18469 | $104,900 | $156,125 | $213,050 | $299,725 | $383,300 |
Source: Ownwell
Property Tax Bills Across Tyler Hill, Pennsylvania
Property tax bills in Tyler Hill, Wayne County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio to arrive at the taxable value. This taxable value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Tyler Hill, the median home price is $213,050. The property tax bill can vary significantly, with the 25th percentile tax bill at $3,706 and the 75th percentile tax bill at $7,114. At the higher end, the 90th percentile tax bill reaches $9,097. Comparatively, the national median property tax rate is 0.99%, highlighting that property taxes in Tyler Hill can be relatively high. These taxes contribute to local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Tyler Hill Tax Bill
$5,057
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tyler Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18469 | $2,490 | $3,706 | $5,057 | $7,114 | $9,097 |
Source: Ownwell