York Springs, Pennsylvania Property Taxes
The median property tax rate in York Springs, PA is 2.68%, significantly higher than the national median of 0.99% but slightly lower than the Pennsylvania state median of 2.81%. With the median home value in York Springs at $170,920, the typical annual property tax bill reaches $4,580, far exceeding the national median of $2,690. Property taxes in York Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding York Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of York Springs or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
York Springs, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.68%
Estimate Property Tax Bill
$4,581
Ownwell’s York Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in York Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in York Springs 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 York Springs, Pennsylvania
Property taxes in York Springs, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in York Springs is 2.68%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within York Springs set these rates annually, which can vary across different neighborhoods. Each year, York Springs estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided by the total value of all taxable property within the jurisdiction to calculate the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basis for setting property tax rates. The data below compares York Springs' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17372 has the highest median property tax rate of 2.68%, while the same zip code also has the lowest median tax rate of 2.68%. Understanding how these figures compare with York Springs 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 York Springs Tax Rate
2.68%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across York Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17372 | 2.68% | 2.68% | 2.68% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across York Springs, Pennsylvania
In York Springs, 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 district 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 York Springs, 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 York Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 17372 has the highest median tax bill at $4580, making it essential to stay informed and proactive.
Property Tax Assessment Values Across York Springs, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average York Springs Assessed Value
$170,920
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 York Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17372 | $75,836 | $129,390 | $170,920 | $210,265 | $252,632 |
Source: Ownwell
Property Tax Bills Across York Springs, Pennsylvania
In York Springs, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor's office and is often a percentage of the property's market value. Homeowners in York Springs can expect to pay a median property tax bill of around $4,580, which can vary significantly depending on the specific characteristics of their property. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For example, properties in the 25th percentile of tax bills pay approximately $3,467, while those in the 75th percentile face bills around $5,634. The highest tax bills, in the 90th percentile, can reach up to $6,770. These property taxes are crucial as they fund local services such as schools, public safety, and infrastructure. Homeowners in York Springs should be aware of these factors to better understand their tax obligations and how they compare to the national median property tax rate of 0.99%.
Average York Springs Tax Bill
$4,580
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across York Springs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17372 | $2,032 | $3,467 | $4,580 | $5,634 | $6,770 |
Source: Ownwell