Seven Valleys, Pennsylvania Property Taxes
The median property tax rate in Seven Valleys, PA is 3.33%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Seven Valleys, the typical annual property tax bill reaches $5,545, exceeding the national median of $2,690. Property taxes in Seven Valleys 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 Seven Valleys' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seven Valleys or another part of York County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seven Valleys, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.33%
Estimate Property Tax Bill
$5,616
Ownwell’s SEVEN VALLEYS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SEVEN VALLEYS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEVEN VALLEYS 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 Seven Valleys, Pennsylvania
Property taxes in Seven Valleys, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seven Valleys is 3.33%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within the area set these rates annually, and they can vary across different neighborhoods. Each year, Seven Valleys 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 Seven Valleys' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17360 has both the highest and lowest median property tax rate of 3.33%. Understanding how these figures compare with Seven Valleys 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 Seven Valleys Tax Rate
3.33%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seven Valleys, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17360 | 3.22% | 3.30% | 3.33% | 3.33% | 3.35% |
Source: Ownwell
Property Tax Assessment Values Across Seven Valleys, Pennsylvania
In Seven Valleys, 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 Seven Valleys, 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 Seven Valleys helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5545, found in zip code 17360.
Property Tax Assessment Values Across Seven Valleys, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Seven Valleys Assessed Value
$168,645
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 Seven Valleys, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17360 | $97,661 | $126,982 | $168,645 | $229,192 | $280,700 |
Source: Ownwell
Property Tax Bills Across Seven Valleys, Pennsylvania
In Seven Valleys, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Seven Valleys, the median home price is $168,645. The property tax rate in York County significantly impacts the tax bills, with the 25th percentile tax bill at $4,158 and the 75th percentile reaching $7,612. At the 90th percentile, tax bills can soar to $9,357, indicating a substantial variance based on property values and specific assessments. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Seven Valleys can result in higher-than-average tax bills, affecting homeowners' annual financial planning. Understanding these factors helps homeowners anticipate their financial obligations and the benefits they receive from local services funded by these taxes.
Average Seven Valleys Tax Bill
$5,545
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Seven Valleys, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17360 | $3,155 | $4,158 | $5,545 | $7,612 | $9,357 |
Source: Ownwell