Red Lion, Pennsylvania Property Taxes
The median property tax rate in Red Lion, PA is 3.05%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Red Lion at $129,810, the typical annual property tax bill reaches $4,100, exceeding the national median of $2,690. Property taxes in Red Lion 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 Red Lion'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 Red Lion 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
Red Lion, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.05%
Estimate Property Tax Bill
$3,959
Ownwell’s Red Lion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Red Lion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Red Lion 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 Red Lion, Pennsylvania
Property taxes in Red Lion, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Red Lion is 3.05%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Red Lion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Red Lion 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 Red Lion's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17356 zip code has the highest median property tax rate of 3.05%, while the same 17356 zip code also has the lowest median tax rate of 3.05%. Understanding how these cities compare with Red Lion 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 Red Lion Tax Rate
3.05%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Lion, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17356 | 3.00% | 3.00% | 3.05% | 3.32% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Red Lion, Pennsylvania
In Red Lion, PA, 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 Red Lion, 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 Red Lion 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 17356, with a median tax bill of $4,100.
Average Red Lion Assessed Value
$129,810
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 Red Lion, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17356 | $74,305 | $98,040 | $129,810 | $167,628 | $220,654 |
Source: Ownwell
Property Tax Bills Across Red Lion, Pennsylvania
Property tax bills in Red Lion, located in York County, PA, are calculated based on the assessed value of a property, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to produce the final tax bill. The median home price in Red Lion is $129,810, which provides a baseline for understanding typical tax bills in the area. Homeowners in Red Lion can expect their property tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $3,155, while those at the 75th percentile reach $5,305. At the 90th percentile, tax bills can soar to $6,904. These figures highlight that property taxes in Red Lion can be quite substantial, especially when compared to the national median property tax rate of 0.99%. The impact on homeowners is considerable, as higher property taxes can affect affordability and overall cost of living. Understanding these factors is crucial for homeowners and potential buyers when making financial decisions related to property ownership in Red Lion.
Average Red Lion Tax Bill
$4,100
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Lion, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17356 | $2,438 | $3,155 | $4,100 | $5,305 | $6,904 |
Source: Ownwell