Mount Wolf, Pennsylvania Property Taxes
The median property tax rate in Mount Wolf, PA is 3.49%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Mount Wolf at $135,350, the typical annual property tax bill reaches $4,781, surpassing the national median of $2,690. Property taxes in Mount Wolf 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 Mount Wolf'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 Mount Wolf 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
Mount Wolf, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.49%
Estimate Property Tax Bill
$4,724
Ownwell’s Mount Wolf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Wolf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Wolf 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 Mount Wolf, Pennsylvania
Property taxes in Mount Wolf, Pennsylvania, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Wolf is 3.49%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Wolf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Wolf 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 Mount Wolf's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17347 zip code has the highest median property tax rate of 3.49%, while the same zip code also has the lowest median tax rate of 3.49%. Understanding how these figures compare with Mount Wolf provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Wolf Tax Rate
3.49%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Wolf, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17347 | 3.48% | 3.48% | 3.49% | 3.49% | 3.93% |
Source: Ownwell
Property Tax Assessment Values Across Mount Wolf, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Wolf, 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 York 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. Assessment notices in Mount Wolf 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mount Wolf, the median home price is $135,350, with the highest median tax bill in the 17347 zip code at $4,781. The lowest median tax bill is also in the 17347 zip code at $4,781, highlighting the consistency in tax assessments within the area.
Property Tax Assessment Values Across Mount Wolf, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Mount Wolf Assessed Value
$135,350
Average York County Assessed Value
$130,990
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Wolf, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17347 | $49,080 | $93,010 | $135,350 | $159,595 | $185,000 |
Source: Ownwell
Property Tax Bills Across Mount Wolf, Pennsylvania
In Mount Wolf, located in York 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 home's market value. For example, with a median home price of $135,350, the tax bill can vary significantly. Homeowners in Mount Wolf experience tax bills ranging from the 25th percentile at $3,495 to the 90th percentile at $6,478. The highest and lowest median tax bills in the area are both $4,781, highlighting a consistent tax rate across the region. These figures indicate that property taxes in Mount Wolf can be a considerable expense, potentially impacting household budgets and financial planning. Compared to the national median property tax rate of 0.99%, the figures in Mount Wolf suggest a higher-than-average property tax burden, which can influence decisions on homeownership and investment in the area. Understanding these factors is crucial for homeowners to manage their financial responsibilities effectively.
Average Mount Wolf Tax Bill
$4,781
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Wolf, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17347 | $1,718 | $3,495 | $4,781 | $5,587 | $6,478 |
Source: Ownwell