Dry Run, Franklin County, Pennsylvania Property Taxes

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each year, counties estimate their required budget to deliver services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In DRY RUN, located in Franklin County, Pennsylvania, the effective property tax rate can be compared to other cities in the state and the national median. Pennsylvania's property tax rates can vary, and understanding how DRY RUN's rate compares to the state and national medians can provide valuable insights for property owners. With the national median property tax rate at 1.02% and a median bill of $2400, comparing these figures can help residents understand their tax obligations better. This knowledge can empower property owners to make informed decisions about their property investments and potential appeals.

In DRY RUN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $15,730. Homeowners in Franklin County face tax bills that range significantly, with the 25th percentile at $1,043 and the 75th percentile reaching $2,628. A few pay as much as $3,794 at the 90th percentile. This variance can have a substantial impact on household budgets, especially when compared to the national median property tax bill of $2,400. The highest and lowest median tax bills in the area are both $1,815, indicating a localized consistency in tax assessments.

Ownwell offers a solution for homeowners looking to reduce their property tax bills. By analyzing the assessed value and comparing it to market trends, Ownwell identifies opportunities for appeals or exemptions. This service can lead to significant savings, ensuring homeowners aren’t overpaying on their property taxes. With expert guidance, homeowners can navigate the complex tax system more effectively, potentially lowering their financial burden.