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Harrisburg PA Tax Rates For 2011

by Don Roth

Hampden Township in Cumberland County had the lowest property tax rates in the Harrisburg area in 2011, according to a Patriot-News analysis. If you own a home worth about $100,000 there, you would pay $1,077 in school, county and municipal taxes, according to the analysis. Compare that to Harrisburg, where a $100,000 home would set you back $3,194 in taxes, or Highspire, where it would cost you $3,408.

These are 2011 figures. Taxes will be going up in 2012 in many locations.

CUMBERLAND COUNTY

CAMP HILL

  • Population: 7,888
  • Median household income: $58,910
  • School tax: 12.96 mills
  • County tax: 2.04 mills
  • Municipal tax: 3.02 mills
  • Total tax: 18.02 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,802
  • Median value house: $187,700
  • Assessed value on median house: $187,700
  • Tax on median house: $3,382

CARLISLE

  • Population: 18,682
  • Median household income: $45,074
  • School tax: 12.26 mills
  • County tax: 2.04 mills
  • Municipal tax: 3.06 mills
  • Total tax: 17.36 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,736
  • Median value house: $163,700
  • Assessed value on median house: $163,700
  • Tax on median house: $2,842

EAST PENNSBORO TOWNSHIP

  • Population: 20,228
  • Median household income: $59,923
  • School tax: 10.31 mills
  • County tax: 2.04 mills
  • Municipal tax: .96 mills
  • Total tax: 13.31 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,331
  • Median value house: $155,900
  • Assessed value on median house: $155,900
  • Tax on median house: $2,075

HAMPDEN TOWNSHIP

  • Population: 28,044
  • Median household income: $81,498
  • School tax: 8.57 mills
  • County tax: 2.04 mills
  • Municipal tax: .16 mills
  • Total tax: 10.77 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,077
  • Median value house: $224,300
  • Assessed value on median house: $224,300
  • Tax on median house: $2,416

LEMOYNE

  • Population: 4,553
  • Median household income: $49,609
  • School tax: 9.0 mills
  • County tax: 2.04 mills
  • Municipal tax: 2.10 mills
  • Total tax: 13.14 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,314
  • Median value house: $124,700
  • Assessed value on median house: $124,700
  • Tax on median house: $1,639

LOWER ALLEN TOWNSHIP

  • Population: 17,980
  • Median household income: $58,486
  • School tax: 9 mills
  • County tax: 2.04 mills
  • Municipal tax: 1.23 mills
  • Total tax: 12.27 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,227
  • Median value house: $155,600
  • Assessed value on median house: $155,600
  • Tax on median house: $1,910

MECHANICSBURG

  • Population: 8,981
  • Median household income: $53,716
  • School tax: 12.17 mills
  • County tax: 2.04 mills
  • Municipal tax: 2.58 mills
  • Total tax: 16.79 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,679
  • Median value house: $155,800
  • Assessed value on median house: $155,800
  • Tax on median house: $2,616

MIDDLESEX TOWNSHIP

  • Population: 7,040
  • Median household income: $53,939
  • School tax: 8.57 mills
  • County tax: 2.04 mills
  • Municipal tax: .998 mills
  • Total tax: 11.61 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,161
  • Median value house: $155,000
  • Assessed value on median house: $155,000
  • Tax on median house: $1,800

MONROE TOWNSHIP

  • Population: 5,823
  • Median household income: $78,050
  • School tax: 8.57 mills
  • County tax: 2.04 mills
  • Municipal tax: .473 mills
  • Total tax: 11.08 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,108
  • Median value house: $191,700
  • Assessed value on median house: $191,700
  • Tax on median house: $2,124

MOUNT HOLLY SPRINGS

  • Population: 2,030
  • Median household income: $38,594
  • School tax: 12.26 mills
  • County tax: 2.04 mills
  • Municipal tax: 1.37 mills
  • Total tax: 15.67 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,567
  • Median value house: $113,200
  • Assessed value on median house: $113,200
  • Tax on median house: $1,775

NEW CUMBERLAND

  • Population: 7,277
  • Median household income: $50,901
  • School tax: 9 mills
  • County tax: 2.04 mills
  • Municipal tax: 2.9 mills
  • Total tax: 13.94 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,394
  • Median value house: $148,400
  • Assessed value on median house: $148,400
  • Tax on median house: $2,069

NORTH MIDDLETON TOWNSHIP

  • Population: 11,143
  • Median household income: $62,152
  • School tax: 12.26 mills
  • County tax: 2.04 mills
  • Municipal tax: .69 mills
  • Total tax: 14.99 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,499
  • Median value house: $152,000
  • Assessed value on median house: $152,000
  • Tax on median house: $2,278

SHIREMANSTOWN

  • Population: 1,569
  • Median household income: $46,979
  • School tax: 12.17 mills
  • County tax: 2.04 mills
  • Municipal tax: 1.9 mills
  • Total tax: 16.11 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,611
  • Median value house: $158,200
  • Assessed value on median house: $158,200
  • Tax on median house: $2,549

SILVER SPRING TOWNSHIP

  • Population: 13,657
  • Median household income: $72,574
  • School tax: 8.57 mills
  • County tax: 2.04 mills
  • Municipal tax: .8 mills
  • Total tax: 11.41 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,141
  • Median value house: $193,600
  • Assessed value on median house: $193,600
  • Tax on median house: $2,209

SOUTH MIDDLETON TOWNSHIP

  • Population: 14,663
  • Median household income: $67,073
  • School tax: 8.93 mills
  • County tax: 2.04 mills
  • Municipal tax: .17 mills
  • Total tax: 11.14 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,114
  • Median value house: $180,000
  • Assessed value on median house: $180,000
  • Tax on median house: $2,005

UPPER ALLEN TOWNSHIP

  • Population: 18,059
  • Median household income: $69,722
  • School tax: 12.17 mills
  • County tax: 2.04 mills
  • Municipal tax: 1.29 mills
  • Total tax: 15.50 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,550
  • Median value house: $182,300
  • Assessed value on median house: $182,300
  • Tax on median house: $2,826

WEST PENNSBORO TOWNSHIP

  • Population: 5,561
  • Median household income: $59,221
  • School tax: 12.1 mills
  • County tax: 2.04 mills
  • Municipal tax: .26 mills
  • Total tax: 14.4 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,440
  • Median value house: $149,600
  • Assessed value on median house: $149,600
  • Tax on median house: $2,154

WORMLEYSBURG

  • Population: 3,070
  • Median household income: $53,617
  • School tax: 9 mills
  • County tax: 2.04 mills
  • Municipal tax: 3.06 mills
  • Total tax: 14.1 mills
  • Common level ratio *: 100 percent
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,410
  • Median value house: $146,300
  • Assessed value on median house: $146,300
  • Tax on median house: $2,063

*Common level ratio compares the market value to the assessed value of a home.

PERRY COUNTY

DUNCANNON

  • Population: 1,522
  • Median household income: $41,932
  • School tax: 12.2 mills
  • County tax: 3.31 mills
  • Municipal tax: 3.1 mills
  • Total tax: 18.61 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,861
  • Median value house: $102,100
  • Assessed value on median house: $102,100
  • Tax on median house: $1,900

MARYSVILLE

  • Population: 2,534
  • Median household income: $45,754
  • School tax: 12.2 mills
  • County tax: 3.3 mills
  • Municipal tax: 2 mills
  • Total tax: 17.5 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,750
  • Median value house: $121,300
  • Assessed value on median house: $121,300
  • Tax on median house: $2,123

NEW BUFFALO

  • Population: 129
  • Median household income: $41,250
  • School tax: 12.2 mills
  • County tax: 3.31 mills
  • Municipal tax: 1.3 mills
  • Total tax: 16.81 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,681
  • Median value house: $126,800
  • Assessed value on median house: $126,800
  • Tax on median house: $2,132

PENN TOWNSHIP

  • Population: 3,225
  • Median household income: $49,804
  • School tax: 12.2 mills
  • County tax: 3.31 mills
  • Municipal tax: .57 mills
  • Total tax: 16.08 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,608
  • Median value house: $129,200
  • Assessed value on median house: $129,200
  • Tax on median house: $2,078

RYE TOWNSHIP

  • Population: 2,364
  • Median household income: $71,801
  • School tax: 12.2 mills
  • County tax: 3.31 mills
  • Municipal tax: .9 mills
  • Total tax: 16.41 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,641
  • Median value house: $166,200
  • Assessed value on median house: $166,200
  • Tax on median house: $2,727

WATTS TOWNSHIP

  • Population: 1,311
  • Median household income: $53,235
  • School tax: 12.2 mills
  • County tax: 3.31 mills
  • Fire tax: .22
  • Municipal tax: .43 mills
  • Total tax: 16.16 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,616
  • Median value house: $143,500
  • Assessed value on median house: $143,500
  • Tax on median house: $2,319

WHEATFIELD TOWNSHIP

  • Population: 3,334
  • Median household income: $62,333
  • School tax: 12.2 mills
  • County tax: 3.3 mills
  • Municipal tax: .2 mills
  • Total tax: 15.7 mills
  • Common level ratio: 100 percent*
  • Assessed value of $100,000 house: $100,000
  • Tax on $100,000 market value house: $1,570
  • Median value house: $142,000
  • Assessed value on median house: $142,000
  • Tax on median house: $2,229

*Common level ratio compares the market value to the assessed value of a home

YORK COUNTY

CARROLL TOWNSHIP

  • Population: 5,939
  • Median household income: $70,133
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: 1.62 mills
  • Total tax: 20.38 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,712
  • Median value house: $225,600
  • Assessed value on median house: $189,504
  • Tax on median house: $3,862

DILLSBURG

  • Population: 2,563
  • Median household income: $51,045
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: 2.37 mills
  • Total tax: 21.13 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,775
  • Median value house: $148,500
  • Assessed value on median house: $124,740
  • Tax on median house: $2,636

FAIRVIEW TOWNSHIP

  • Population: 16,668
  • Median household income: $71,472
  • School tax: 11.78 mills
  • County tax: 4.15 mills
  • Municipal tax: 1.6 mills
  • Total tax: 17.53 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,473
  • Median value house: $187,600
  • Assessed value on median house: $157,584
  • Tax on median house: $2,762

FRANKLINTOWN

  • Population: 489
  • Median household income: $40,938
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: 1.88 mills
  • Total tax: 20.64 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,734
  • Median value house: $134,100
  • Assessed value on median house: $112,644
  • Tax on median house: $2,325

FRANKLIN TOWNSHIP

  • Population: 4,678
  • Median household income: $60,850
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: .2 mills
  • Total tax: 18.96 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,593
  • Median value house: $174,800
  • Assessed value on median house: $146,832
  • Tax on median house: $2,784

GOLDSBORO

  • Population: 952
  • Median household income: $65,865
  • School tax: 11.78 mills
  • County tax: 4.15 mills
  • Municipal tax: .75 mills
  • Total tax: 16.68 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,401
  • Median value house: $143,800
  • Assessed value on median house: $120,792
  • Tax on median house: $2,015

LEWISBERRY

  • Population: 362
  • Median household income: $66,250
  • School tax: 11.78 mills
  • County tax: 4.15 mills
  • Municipal tax: 1.3 mills
  • Total tax: 17.23 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,447
  • Median value house: $154,200
  • Assessed value on median house: $129,528
  • Tax on median house: $2,232

MONAGHAN TOWNSHIP

  • Population: 2,630
  • Median household income: $73,977
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: .9 mills
  • Total tax: 19.66 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,651
  • Median value house: $210,300
  • Assessed value on median house: $176,652
  • Tax on median house: $3,473

NEWBERRY TOWNSHIP — DISTRICT 1

  • Population (District 1 and 2): 15,285
  • Median household income (District 1 and 2): $56,047
  • School tax: 11.78 mills
  • County tax: 4.15 mills
  • Municipal tax: 1.79 mills
  • Total tax: 17.72 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,448
  • Median value house (District 1 and 2): $127,500
  • Assessed value on median house: $107,100
  • Tax on median house: $1,898

NEWBERRY TOWNSHIP — DISTRICT 2

  • Population (see District 1): 15,285
  • Median household income (see District 1): $56,047
  • School tax: 23.72 mills
  • County tax: 4.15 mills
  • Municipal tax: 1.79 mills
  • Total tax: 29.66 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $2,491
  • Median value house (see District 1): $127,500
  • Assessed value on median house: $107,100
  • Tax on median house: $3,177

WARRINGTON TOWNSHIP

  • Population: 4,773
  • Median household income: $58,958
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: .21 mills
  • Total tax: 18.97 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,593
  • Median value house: $177,900
  • Assessed value on median house: $149,436
  • Tax on median house: $2,835

WELLSVILLE

  • Population: 221
  • Median household income: $51,250
  • School tax: 14.61 mills
  • County tax: 4.15 mills
  • Municipal tax: .42 mills
  • Total tax: 19.18 mills
  • Common level ratio *: 84 percent
  • Assessed value of $100,000 house: $84,000
  • Tax on $100,000 market value house: $1,611
  • Median value house: $153,800
  • Assessed value on median house: $129,192
  • Tax on median house: $2,478

*Common level ratio compares the market value to the assessed value of a home.

LEBANON COUNTY

ANNVILLE TOWNSHIP

  • Population: 4,767
  • Median household income: $51,250
  • School tax: 102.76 mills
  • County tax: 20 mills
  • Municipal tax: 20 mills
  • Total tax: 142.76 mills
  • Common level ratio: 15.8 percent*
  • Assessed value of $100,000 house: $15,800
  • Tax on $100,000 market value house: $2,251
  • Median value house: $131,400
  • Assessed value on median house: $20,761
  • Tax on median house: $2,958

EAST HANOVER TOWNSHIP

  • Population: 2,801
  • Median household income: $58,840
  • School tax: 86.85 mills
  • County tax: 20 mills
  • Municipal tax: 1.5 mills
  • Total tax: 108.35 mills
  • Common level ratio: 15.8 percent *
  • Assessed value of $100,000 house: $15,800
  • Tax on $100,000 market value house: $1,712
  • Median value house: $170,000
  • Assessed value on median house: $26,860
  • Tax on median house: $2,910

NORTH ANNVILLE TOWNSHIP

  • Population: 2,381
  • Median household income: $65,958
  • School tax: 102.76 mills
  • County tax: 20 mills
  • Municipal tax: none
  • Total tax: 122.76 mills
  • Common level ratio: 15.8 percent *
  • Assessed value of $100,000 house: $15,800
  • Tax on $100,000 market value house: $1,940
  • Median value house: $157,700
  • Assessed value on median house: $24,917
  • Tax on median house: $3,059

NORTH LONDONDERRY TOWNSHIP

  • Population: 8,068
  • Median household income: $65,000
  • School tax: 98.75 mills
  • County tax: 20 mills
  • Municipal tax: 10 mills
  • Total tax: 128.75 mills
  • Common level ratio: 15.8 percent *
  • Assessed value of $100,000 house: $15,800
  • Tax on $100,000 market value house: $2,034
  • Median value house: $192,300
  • Assessed value on median house: $30,383
  • Tax on median house: $3,912

PALMYRA

  • Population: 7,320
  • Median household income: $48,750
  • School tax: 98.75 mills
  • County tax: 20 mills
  • Municipal tax: 17.50 mills (includes .5 library)
  • Total tax: 136.25 mills
  • Common level ratio: 15.8 percent*
  • Assessed value of $100,000 house: $15,800
  • Tax on $100,000 market value house: $2,153
  • Median value house: $140,000
  • Assessed value on median house: $22,120
  • Tax on median house: $3,014

SOUTH ANNVILLE TOWNSHIP

  • Population: 2,850
  • Median household income: $63,289
  • School tax: 102.76 mills
  • County tax: 20 mills
  • Municipal tax: 6 mills
  • Total tax: 128.76 mills
  • Common level ratio: 15.8 percent*
  • Assessed value of $100,000 house: $15,800
  • Tax on a $100,000 house: $2,034
  • Median value house: $166,900
  • Assessed value on median house: $26,370
  • Tax on median house: $3,395

SOUTH LONDONDERRY TOWNSHIP

  • Population: 6,991
  • Median household income: $78,105
  • School tax: 98.75 mills
  • County tax: 20 mills
  • Municipal tax: 10.5 mills (include. 1.5 fire)
  • Total tax: 129.25 mills
  • Common level ratio: 15.8 percent*
  • Assessed value of $100,000 house: $15,800
  • Tax on a $100,000 house: $2,042
  • Median value house: $209,000
  • Assessed value on median house: $33,022
  • Tax on median house: $4,268

*Common level ratio compares the market value to the assessed value of a home

DAUPHIN COUNTY

CONEWAGO TOWNSHIP

  • Population: 2,997
  • Median household income: $84,844
  • School tax: 18.42 mills
  • County tax: 6.88 mills
  • Municipal tax: none
  • Library tax: .35 mills
  • Total tax: 25.65 mills
  • Common level ratio: * 73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,885
  • Median value house: $228,700
  • Assessed value of median house: $168,094
  • Tax on median house: $4,311

DERRY TOWNSHIP

  • Population: 24,679
  • Median household income: $60,635
  • School tax: 16.99 mills
  • County tax: 6.88 mills
  • Municipal tax: 1.1 mills
  • Library tax: None
  • Total tax: 24.97 mills
  • Common level ratio: * 73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,835
  • Median value house: $226,500
  • Assessed value on median house: $166,477
  • Tax on median house: $4,157

EAST HANOVER TOWNSHIP

  • Population: 5,718
  • Median household income: $58,427
  • School tax: 18.42 mills
  • County tax: 6.88 mills
  • Municipal tax: .36 mills
  • Library tax: .35 mills
  • Total tax: 26.01 mills
  • Common level ratio: * 73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,912
  • Median value house: $161,300
  • Assessed value on median house: $118,555
  • Tax on median house: $3,084

HARRISBURG

  • Population: 49,528
  • Median household income: $31,676
  • School tax: 26.31 mills
  • County tax: 6.88 mills
  • Municipal tax: 4.78 buildings, 28.6 land
  • Library tax: .35 mills
  • Total tax: 37.97 mills on buildings, 61.79 mills on land
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $57,733 buildings, $15,767 land
  • Tax on $100,000 market value house: $3,194
  • Median value house: $78,400
  • Assessed value on median house: $45,318 buildings, $12,377 land
  • Tax on median house: $2,506

HIGHSPIRE

  • Population: 2,399
  • Median household income: $37,038
  • School tax: 24.84 mills
  • County tax: 6.88 mills
  • Municipal tax: 14.3 mills
  • Library tax: .35 mills
  • Total tax: 46.37 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $3,408
  • Median value house: $88,400
  • Assessed value on median house: $64,974
  • Tax on median house: $3,013

HUMMELSTOWN

  • Population: 4,538
  • Median household income: $55,888
  • School tax: 18.42 mills
  • County tax: 6.88 mills
  • Municipal tax: 2 mills
  • Library tax: .35 mills
  • Total tax: 27.65 mills
  • Common level ratio: * 73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,032
  • Median value house: $150,500
  • Assessed value on median house: $110,617
  • Tax on median house: $3,059

LONDONDERRY TOWNSHIP

  • Population: 5,235
  • Median household income: $66,742
  • School tax: 18.42 mills
  • County tax: 6.88 mills
  • Municipal tax: 3 mills
  • Library tax: .35 mills
  • Total tax: 28.65 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,106
  • Median value house: $131,800
  • Assessed value on median house: $96,873
  • Tax on median house: $2,775

LOWER PAXTON TOWNSHIP

  • Population: 47,360
  • Median household income: $62,855
  • School tax: 13.86 mills
  • County tax: 6.88 mills
  • Municipal tax: .96 mills
  • Library tax: .35 mills
  • Total tax: 22.05 mills
  • Common level ratio: * 73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,620
  • Median value house: $166,900
  • Assessed value on median house: $122,671
  • Tax on median house: $2,705

LOWER SWATARA TOWNSHIP

  • Population: 8,268
  • Median household income: $60,553
  • School tax: 20.99 mills
  • County tax: 6.88 mills
  • Municipal tax: 2.5 mills
  • Library tax: .35 mills
  • Total tax: 30.72 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,258
  • Median value house: $137,400
  • Assessed value on median house: $100,989
  • Tax on median house: $3,102

MIDDLETOWN

  • Population: 8,901
  • Median household income: $47,522
  • School tax: 20.99
  • County tax: 6.88
  • Municipal tax: 5.63
  • Total tax: 33.5 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,462
  • Median value house: $110,600
  • Assessed value on median house: $81,291
  • Tax on median house: $2,723

PAXTANG

  • Population: 1,561
  • Median household income: $56,250
  • School tax: 13.86 mills
  • County tax: 6.88 mills
  • Municipal tax: 10.73 mills
  • Library tax: .35 mills
  • Total tax: 31.82 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,339
  • Median value house: $136,900
  • Assessed value on median house: $100,621
  • Tax on median house: $3,202

PENBROOK

  • Population: 3,008
  • Median household income: $36,545
  • School tax: 13.86 mills
  • County tax: 6.88 mills
  • Municipal tax: 9.2 mills
  • Library tax: .35 mills
  • Total tax: 30.29 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,226
  • Median value house: $99,900
  • Assessed value on median house: $73,426
  • Tax on median house: $2,224

ROYALTON

  • Population: 967
  • Median household income: $46,719
  • School tax: 20.99 mills
  • County tax: 6.88 mills
  • Municipal tax: 3 mills
  • Library tax: .35 mills
  • Total tax: 31.22 mills
  • Common level ratio: *$73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $2,295
  • Median value house: $97,900
  • Assessed value on median house: $71,956
  • Tax on median house: $2,246

SOUTH HANOVER TOWNSHIP

  • Population: 6,248
  • Median household income: $87,050
  • School tax: 18.42 mills
  • County tax: 6.88 mills
  • Municipal tax: .46 mills
  • Library tax: .35 mills
  • Total tax: 26.11 mills
  • Common level ratio: *73.5
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,919
  • Median value house: $222,700
  • Assessed value on median house: $163,684
  • Tax on median house: $4,274

STEELTON

  • Population: 5,990
  • Median household income: $35,048
  • School tax: 24.84 mills
  • County tax: 6.88 mills
  • Municipal tax: 14 mills
  • Library tax: .35 mills
  • Total tax: 46.07 mills
  • Common level ratio: * 73.5
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $3,386
  • Median value house: $78,600
  • Assessed value on median house: $57,771
  • Tax on median house: $2,569

SUSQUEHANNA TOWNSHIP

  • Population: 24,036
  • Median household income: $58,965
  • School tax: 16.43 mills
  • County tax: 6.88 mills
  • Municipal tax: 2.6 mills
  • Library tax: .35 mills
  • Total tax: 26.26 mills
  • Common level ratio: *$73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,930
  • Median value house: $155,900
  • Assessed value on median house: 114,586
  • Tax on median house: $3,009

SWATARA TOWNSHIP

  • Population: 23,362
  • Median household income: $54,110
  • School tax: 13.86 mills
  • County tax: 6.88 mills
  • Municipal tax: 2.32 mills
  • Library tax: .35 mills
  • Total tax: 23.41 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,720
  • Median value house: $145,100
  • Assessed value on median house: $106,648
  • Tax on median house: $2,497

WEST HANOVER TOWNSHIP

  • Population: 9,343
  • Median household income: $68,085
  • School tax: 13.86 mills
  • County tax: 6.88 mills
  • Municipal tax: 1.19 mills
  • Library tax .35 mills
  • Total tax: 22.28 mills
  • Common level ratio: *73.5 percent
  • Assessed value of $100,000 house: $73,500
  • Tax on $100,000 market value house: $1,638
  • Median value house: $175,600
  • Assessed value on median house: $129,066
  • Tax on median house: $2,875

*Common level ratio compares the market value to the assessed value of a home.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

A Prediction With No Guarantee

by Don Roth

Former Yankees catcher Yogi Berra is as well known for his malapropisms as for his catching ability. On the former, Berra once famously quipped, “It's tough to make predictions, especially about the future.” With that thought in mind, we'll take a shot at predicting the mortgage-rate market for early 2012.

The reflexive response is to say that rates have to remain low. After all, the Federal Reserve has openly stated that it will continue to reinvest short-term securities into long-term securities. The Fed also said that it would keep reinvesting in mortgage-backed securities. Both activities will surely raise the pressure for mortgage rates to remain low.

Now, couple the Fed's resolve to hold long-term rates low with Europe 's ongoing travails and our own sluggish economy and it would appear mortgage rates would have to remain near today's levels at least through the first quarter of 2012.

With all that said, don't overlook or underestimate the “unseen” – the unexpected event that moves markets. Everything seen favors low rates, and few pundits are expecting higher rates. Because of that fact, we think the inevitable “unseen” favors a spike up in rates over a spike down.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Harrisburg PA Mortgage Market Recap - Dec 20 2011

by Don Roth

Can we trust the data? Everyone is asking that question after the National Association of Realtors said it would revise its home sales data for the past four years. The revised data are scheduled for release this coming Wednesday with the NAR's monthly report on home sales for November.

The NAR cited several reasons for revising sales. The most notable reason was that the NAR believed it was overcompensating for sales that did not occur on the regional and local real estate listing services from which the NAR extracted data.

The bottom line is that sales and unsold inventory will be revised downward, but monthly percentage changes in sales volumes, months of outstanding inventory, and median home prices will remain unchanged.

Some media outlets have attacked the NAR's revisions from an alarmist or snarky angle. Neither is deserved; the NAR is simply admitting that it needs to be more accurate. What the NAR revisions really highlight is the difficulty in producing national numbers that are meaningful to any local market. If you think about it, is a median national sales price of $167,000 meaningful to a tony suburban enclave in Alexandria , Virginia or to an overbuilt Las Vegas ? We would argue that it isn't.

That said, we will still post and examine the national numbers, because they interest many market participants. The inputs can also be revealing. For example, Corelogic reported that total home prices were down 3.9 percent in October from a year ago, but prices were down by just 0.5 percent when distressed sales are excluded. This tells us that we have two distinct markets at work, which most of us knew anyway, but which much of the lay public doesn't know.

The national numbers can also set the mood and expectations of any one buyer or borrower. It's in our best interest then, and it's also truthful, to highlight the positives in a market dominated by negativity. To that end, we'll mention that Swiss financial services firm Credit Suisse told its clients last week that “ U.S. homes now appear fairly valued compared to median family income.” Credit Suisse's analysis also shows that shadow inventory and mortgage defaults will improve noticeably in 2012.

Mortgage rates, contrary to our expectations, will also continue to improve. Most financing options moved lower this past week, with the 30-year fixed-rate loan hitting a new low in many markets (though it's worth noting that a new low can be hit with only a couple basis-points move). Our outlook for an improving stock market, which would draw funds out of the bond market, is being negated by Europe's inability to deal with the near-bankruptcy of a few of its Mediterranean countries.

While the sense of urgency to refinance or purchase has been reduced, we still think it's best to lock and take advantage of today's rates. The fact is that most borrowers are less frustrated being locked and wishing they were floating than the reverse.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

HARP 2.0 and Supply and Demand

by Don Roth

A few weeks ago, we wrote about changes in the Home Affordable Refinance Program, dubbed HARP 2.0. This latest incarnation of HARP will impact the supply-and-demand dynamics in the mortgage market, namely due to the removal of the 125-percent loan-to-value cap.

More borrowers will qualify for mortgage loans; that obviously means there will be more demand for mortgage loans. What's more, demand could increase sooner rather than later, particularly if borrowers who don't need HARP, but want to exploit today's low rates to avoid the possibility of a delay, ratchet up demand.

To be sure, HARP 2.0 will be a good deal for many mortgagors who have been unable to refinance because of diminished home equity. Many of these mortgagors will benefit, even if mortgages rates were to rise a full-percentage point or more.

Now, we're not forecasting a percentage point rise in rates when HARP 2.0 kicks into gear, but more demand does tend to raise costs, including the cost of mortgage financing. This is something borrowers who don't need HARP but who could take advantage of today's rates should think about, because many of them won't benefit if mortgage rates move significantly higher.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Harrisburg PA Mortgage Market Recap - Dec 13 2011

by Don Roth

We tend to view most situations from an optimist's perspective, because optimists are more likely to see solutions that pessimists overlook; therefore, optimists tend to be better problem solvers.

Optimism, we have found, is also usually rewarded. The housing recovery has taken longer than most of us would like, but the market is recovering, and the recovery will likely gain pace as we progress through 2012.

Mortgage delinquencies are one area of continued progress. TransUnion forecasts delinquencies of 60 days or more will peak at 6 percent of all mortgages during the first quarter of 2012, and then fall to 5 percent by year's end. This is actually a continuation of a longer-term trend that has been overlooked: delinquencies this year are expected to fall 7 percent, which follows a 7 percent decline in 2010.

The trend in the National Association of Home Builders/First American Improving Markets Index is also cause for optimism. According to the index, the number of improving housing markets expanded for a fourth-consecutive month, rising 37 percent to 41 in December from 30 in November. The index states that the expansion in both number and geographic diversity of markets is proof that markets continue to grow more heterogeneous; that is, more dependent on local factors than national ones. This is a point we've been making for the past six months.

The news on pricing was less upbeat. CoreLogic reports that house prices dipped nationally month-over-month in October. Year-over-year, prices have declined 3.9 percent, but only 0.5 percent when distressed properties are removed from the equation.

A recent report by Barclays Capital should help ease pricing concerns. According to Barclays, the housing market will be buoyed by improving job growth and by the fact that prices for non-distressed properties are stabilizing without government support. On price stabilization, Barclays housing analyst Stephen Kim writes, “[W]e are amazed at how little attention it [the recovery in non-distressed homes] has been getting from the media and the street.

”We, on the other hand, are less amazed. We've been hammering the point on stabilizing prices for months, but we also know that bad news always sells better than good news.Speaking of good news, mortgage rates continue to hold steady and near multi-decade lows. We've noticed that the yield on 10-year U.S. Treasury notes has trended lower most of this past week, which has been something of a surprise, given that the economic news, for the most part, has been positive.

Mortgage rates have been holding steady for the past month or so, but we think upward pressure is steadily building – mostly due to an improving economy and job growth (and for a reason we'll explicate below).

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

A Confluence of Positive Factors

by Don Roth

The Wall Street Journal recently reported that home affordability is at its highest level in years; this degree of affordability becomes more apparent when compared to rent prices, which continue to rise across the country.

Meanwhile, ADP 's National Employment Report showed another month of strong job growth, with the private-sector adding 206,000 new jobs for November. Accelerating job growth usually portends a strong (at least stronger) economy.

Accelerating job growth combined with a historically high affordability index suggests to us that this is the near-perfect time to buy or refinance a home, because we doubt that affordability will remain this high at the end of 2012.

The fact is that bloated inventory levels are falling, and falling inventory in many markets has spurred bidding wars. As the economy continues to improve, inventory will become less bloated and prices and financing costs will rise. It's always worth remembering that the best time to buy is when enough clouds remain to permeate the market with at least some pessimism, because the best deals are only found when the future is still clouded by uncertainty. When the clouds clear, so will the high affordability index.

Today, we have low home prices, low mortgage rates, and more job growth. In our opinion, this is the perfect time to buy or refinance, because continued job growth, a rising stock market, and a growing economy means higher home prices and higher lending rates in the future.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Harrisburg PA Mortgage Market Recap - Dec 6 2011

by Don Roth

Lower prices and still-low mortgage rates continue to create traction in the existing-home market.The pending home sales index is the latest in a series of recent data releases that prove that economic laws continue to hold: lower prices stimulate demand. On that front, lower prices helped lift the index 10.4 percent to post a 93.3 reading in October. The positive takeaway here is that recent gains portend strong existing home sales for November and December and a positive sales trend heading into 2012.

New home sales have also trended higher in recent months, moving up 1.3 percent to an annualized sales rate of 307,000 units in October. The median price of a new home eased 0.5 percent month-over-month to $212,300, but the year-over-year rate turned positive, at plus 4.0 percent. The news on supply was even more encouraging, with inventory falling to 6.3 months at the current sales rate – the best reading since April 2010 when government tax credits were stimulating sales.

To be sure, pricing remains a bugaboo for new and existing homes in many markets. Lower prices do clear inventory, but they also tend to hinder participation, as more potential buyers are reluctant to buy what they perceive they are buying a depreciating asset.

But severe discounting remains confined to specific markets, notably Atlanta, Phoenix, and Las Vegas. The latter two metropolitan areas continue to post new lows. For much of the nation, though, the severe discounting that occurred from 2007 through 2009 appears to be a thing of the past. Most of the nation should continue to experience price stability, with only minor to modest discounting in selected markets.

The Federal Reserve made news last week that could impact any discounting of mortgage rates. The Fed, along with the world's major central banks, acted to provide cheap-dollar funding to European banks crippled by the debt crises that plague the Mediterranean European countries. In short, the Fed and its European confreres staved off a possible financial collapse in Europe that could have spread to the United States.

Investors responded to the central bankers' unprecedented action by moving out of U.S. Treasury securities and into stocks. The Dow Jones Industrial Average surged 4.2 percent on Wednesday to post its biggest gain since March 2009. Treasury yields also moved higher, with the yield on the 10-year Treasury note, the benchmark investment for 30-year fixed-rate loans, rising to 2.1 percent. Mortgage rates, in turn, moved higher across most financing options.

Here's something to keep in mind: Treasury yields and mortgage rates tend to rise with the stock market. If stocks continue to rise, more money will leave fixed-income investments, like Treasury securities, which could pressure mortgage rates to go higher. December tends to be a strong month for stocks, which means December could also be a month for rising mortgage rates.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Households on the Rise

by Don Roth

One significant mistake people often make when gauging the future is to view the future as a simple extension of today. In other words, they view the economy as static – especially after a period of turmoil – and they forget that economies, populations, and wealth continue to grow.

We broach this topic because of something famed-investor Warren Buffett recently said on CNBC. In short, Mr. Buffett said that he didn't think the housing market needed more stimulus; it needed more households to be created.

That's exactly what has occurred every decade since 1950. What's more, households have actually grown at a faster clip than population. Over the past decade, the U.S. population grew 9.5 percent, while households grew 12.5 percent (for a variety of reasons: growing population, divorce, single living, smaller families). Household growth is expected to continue to outpace population growth into the relevant future.

The point is not to focus on static numbers and to factor on future growth. More housing demand is created each year, which, in turn, helps absorb supply, which has been increasing (at least new homes) at a snail's pace over the past few years.The trend in household growth is just one more reason we look forward to an improved housing market in 2012.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Harrisburg PA Mortgage Market Recap - Nov 29

by Don Roth

News was relatively scarce this past week due to the Thanksgiving Day holiday, but what news was released was, for the most part, encouraging.

The news on existing home sales was particularly encouraging. Sales rose to an annual rate of 4.97 million units in October, which easily beat the consensus estimate for 4.8 million units. The bump up in sales helped drop inventory to an eight-month supply compared to September's 8.3-month supply. Year-over-year, inventory levels have dropped nearly three months.

Existing home sale prices were a little softer than we had expected, with the national median home price easing 2 percent month-over-month to $162,000. Discounting was prevalent in condo sales, but much less so in the single-family detached segment.

Shadow inventory has weighed heavily on prices for the past three years, but this market is also improving. Standard & Poor's, citing improvements in third-quarter default and liquidation rates, lowered its estimate of the time it will take to reduce excess stock to 45 months from 47 months. That's still a lot of inventory, but the goods news is that we are making headway.Federal Deposit Insurance Corp. data also point to an improving distressed-property market. The FDIC reports that inventory held by private banks dropped for the fourth-straight quarter to $50.4 billion worth of properties at the end of September, a 1.5-percent decline compared to the previous quarter and a 5-percent decline from a year ago.

There was some negative news on the economy, but it wasn't as negative as many news outlets led us to believe. Gross Domestic Product was downgraded to 2.0-percent annualized growth from a previously stated 2.5 percent. When we dug into the numbers, we found that the downgrade was much ado about little; the revision was mostly attributable to a $13-billion decrease in inventory investment.Last week, we mentioned the good news that fixed-asset investment is trending higher. This week, we are glad to note that consumer spending continues to trend higher. Personal consumption grew 0.1 percent for October, which might seem insignificant, but October's consumption follows a very strong 0.7 percent increase in September.

We haven't seen much improvement in mortgage rates over the past two weeks, which has resulted in a slowdown in refinance activity. That could be about to change. The recently revamped Home Affordable Refinance Program (HARP), with higher loan-to-value ratios and appraisal waivers for qualified buyers, is sure to spur refinance demand. In fact, more than 1 million borrowers are expected to benefit from the new HARP.This means a change in the demand/supply paradigm. When demand for borrowing increases, mortgage rates tend to rise, not fall. We advise our clients (especially clients who already qualify for a refinance under the current rules) not to wait for the new HARP rules to kick into gear.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Learn from the Past, But Focus on the Future

by Don Roth

This is advice we try to pass onto our clients. It's important to learn from the past, but it's just as important to focus on the future.

What we've learned from the past is to avoid an asset whose short-term growth rate has far exceeded its historical average annual growth rate. That's not what we have today with housing. We have an asset class – residential real estate – that has reverted to historical norms and is priced to appreciate going forward.

This is a difficult concept for many people to accept. We naturally anchor to the recent past, but doing so can mislead. In 2006, many people thought home prices could only go up; in 2011, many people think home prices can only go down. What we can learn from the past is that trends don't last forever. Buying assets people are selling, and selling assets people are buying, can be very profitable.

We've been saying for the past year that residential real estate is priced to be profitable. Our belief hasn't changed, which is why we continue to say real estate financed with a mortgage loan will be one of the better performing assets over the next decade.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

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