Yoe, Pennsylvania Property Taxes
The median property tax rate in YOE, PA is 3.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in YOE at $93,670, the typical annual property tax bill reaches $3,423, exceeding the national median of $2,690. Property taxes in YOE 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 YOE'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 YOE 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
Yoe, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.65%
Estimate Property Tax Bill
$3,419
Ownwell’s YOE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in YOE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in YOE to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by York County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Yoe, Pennsylvania
Property taxes in YOE, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in YOE is 3.65%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within YOE set these rates annually, and they can vary significantly across different neighborhoods. Each year, YOE 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 YOE's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17313 zip code has the highest median property tax rate of 3.65%, while the same zip code also has the lowest median tax rate of 3.65%. Understanding how these cities compare with YOE 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 Yoe Tax Rate
3.65%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17313 | 3.65% | 3.65% | 3.65% | 3.65% | 3.65% |
Source: Ownwell
Property Tax Assessment Values Across Yoe, Pennsylvania
In YOE, 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 YOE, 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 YOE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The property tax bills in YOE range significantly, with the 25th percentile at $2,901 and the 90th percentile reaching $4,788. The highest and lowest median tax bills, both at $3,423, are found in the 17313 zip code.
Average Yoe Assessed Value
$93,670
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 Yoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17313 | $68,072 | $79,392 | $93,670 | $109,300 | $131,037 |
Source: Ownwell
Property Tax Bills Across Yoe, Pennsylvania
Property tax bills in YOE, located in York County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. In YOE, the median home price is $93,670, and property tax rates are applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in YOE can expect their property tax bills to vary significantly. For instance, tax bills range from the 25th percentile at $2,901 to the 75th percentile at $3,988, with the 90th percentile reaching up to $4,788. These property taxes can have a substantial impact on homeowners, affecting monthly mortgage payments and overall affordability. Compared to the national median property tax rate of 0.99%, the property tax rates in YOE can be relatively high, placing a considerable financial responsibility on property owners.
Average Yoe Tax Bill
$3,423
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Yoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17313 | $2,487 | $2,901 | $3,423 | $3,988 | $4,788 |
Source: Ownwell