Cadogan, Pennsylvania Property Taxes
The median property tax rate in Cadogan, PA is 2.90%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cadogan at $54,020, the typical annual property tax bill reaches $1,569, still below the national median of $2,690. Property taxes in Cadogan 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 Cadogan'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 Cadogan 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
Cadogan, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$1,567
Ownwell’s Cadogan Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cadogan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cadogan 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 Armstrong County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cadogan, Pennsylvania
Property taxes in Cadogan, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cadogan is 2.90%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cadogan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cadogan 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 Cadogan's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16212 zip code has both the highest and lowest median property tax rate of 2.90%. Understanding how these cities compare with Cadogan provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cadogan Tax Rate
2.90%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cadogan, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16212 | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Cadogan, Pennsylvania
In Cadogan, 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 Armstrong 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 Cadogan, 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 Cadogan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16212 has the highest and lowest median tax bill at $1,569.
Average Cadogan Assessed Value
$54,020
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cadogan, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16212 | $39,377 | $45,900 | $54,020 | $65,610 | $89,854 |
Source: Ownwell
Property Tax Bills Across Cadogan, Pennsylvania
In Cadogan, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $54,020 in Cadogan, homeowners can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,333, while at the 75th percentile, it rises to $1,905, and at the 90th percentile, it can reach up to $2,609. Factors such as local government budgets, school funding needs, and municipal services all influence the tax rate. Compared to the national median property tax rate of 0.99%, the tax burden in Cadogan may seem high relative to property values. This can significantly impact homeowners, as higher tax bills can affect affordability and overall financial planning. It's essential for homeowners to be aware of these factors to manage their finances effectively.
Average Cadogan Tax Bill
$1,569
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cadogan, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16212 | $1,143 | $1,333 | $1,569 | $1,905 | $2,609 |
Source: Ownwell