Railroad, Pennsylvania Property Taxes
The median property tax rate in Railroad, PA is 2.75%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Railroad, the typical annual property tax bill reaches $3,318, exceeding the national median of $2,690. Property taxes in Railroad 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 Railroad'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 Railroad 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
Railroad, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$3,318
Ownwell’s RAILROAD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RAILROAD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RAILROAD 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 Railroad, Pennsylvania
Property taxes in Railroad, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Railroad is 2.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Railroad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Railroad 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 Railroad's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17355 has the highest median property tax rate of 2.75%, while the same zip code also has the lowest median tax rate of 2.75%. Understanding how these cities compare with Railroad 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 Railroad Tax Rate
2.75%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Railroad, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17355 | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Railroad, Pennsylvania
In Railroad, 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 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. In Railroad, 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 Railroad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Railroad is $120,660, with tax bills ranging from $2,876 at the 25th percentile to $4,771 at the 90th percentile. The highest and lowest median tax bills are both $3,318 in the zip code 17355.
Average Railroad Assessed Value
$120,660
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 Railroad, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17355 | $89,240 | $104,595 | $120,660 | $155,095 | $173,508 |
Source: Ownwell
Property Tax Bills Across Railroad, Pennsylvania
In Railroad, York County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The tax rate in this region is applied to the assessed value to calculate the annual tax bill. For instance, with a median home price of $120,660, homeowners can expect varying tax bills. The 25th percentile tax bill is $2,876, while the 75th percentile reaches $4,217, and the 90th percentile peaks at $4,771. These figures highlight the range of potential tax obligations for homeowners. The highest and lowest median tax bills in the area both sit at $3,318, which is significantly above the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, but it also contributes to funding essential local services such as schools, infrastructure, and public safety. Understanding these factors helps homeowners in Railroad, York County, PA, anticipate their financial responsibilities.
Average Railroad Tax Bill
$3,318
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Railroad, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17355 | $2,454 | $2,876 | $3,318 | $4,217 | $4,771 |
Source: Ownwell