Spring Grove, Pennsylvania Property Taxes
The median property tax rate in Spring Grove, PA is 3.30%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $139,840, the typical annual property tax bill in Spring Grove reaches $4,626, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Spring Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Spring Grove or another part of York County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spring Grove, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.3%
Estimate Property Tax Bill
$4,615
Ownwell's SPRING GROVE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING GROVE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING GROVE 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 Spring Grove, Pennsylvania
Property taxes in Spring Grove, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Grove is 3.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Spring Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Grove 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 Spring Grove's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17362 zip code has the highest median property tax rate of 3.30%, while the same 17362 zip code also has the lowest median tax rate of 3.30%. Understanding how these cities compare with Spring Grove 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 Spring Grove Tax Rate
3.30%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17362 | 3.28% | 3.28% | 3.30% | 3.32% | 3.70% |
Source: Ownwell
Property Tax Assessment Values Across Spring Grove, Pennsylvania
In Spring Grove, 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 authority 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 Spring Grove, 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. For example, the median home price in Spring Grove is $139,840, with tax bills ranging from $3,769 at the 25th percentile to $7,698 at the 90th percentile. The highest and lowest median tax bills are both $4,626, found in the 17362 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Spring Grove, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average Spring Grove Assessed Value
$139,840
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 Spring Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17362 | $86,500 | $112,420 | $139,840 | $182,040 | $239,612 |
Source: Ownwell
Property Tax Bills Across Spring Grove, Pennsylvania
In Spring Grove, York County, 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 tax rate to determine the annual tax bill. For homeowners in Spring Grove, the median home price is $139,840. The tax bill can vary significantly, ranging from the 25th percentile at $3,769 to the 75th percentile at $5,958, and reaching up to the 90th percentile at $7,698. Factors influencing these calculations include property size, location, and market conditions. Homeowners in this area pay a median tax bill of $4,626, which is considerably higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Spring Grove Tax Bill
$4,626
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17362 | $2,996 | $3,769 | $4,626 | $5,958 | $7,698 |
Source: Ownwell