Chicora, Pennsylvania Property Taxes
The median property tax rate in Chicora, PA is 2.32%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Chicora, the typical annual property tax bill reaches $2,105, which is below the national median of $2,690. Property taxes in Chicora 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 Chicora'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 Chicora or another part of Armstrong County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chicora, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$2,094
Ownwell’s Chicora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chicora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chicora 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 Chicora, Pennsylvania
Property taxes in Chicora, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chicora is 1.18%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Chicora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chicora 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 Chicora's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, 16025 has the highest median property tax rate of 1.18%, while 16025 also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Chicora 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 Chicora Tax Rate
2.32%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chicora, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16025 | 2.32% | 2.32% | 2.32% | 2.43% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Chicora, Pennsylvania
In Chicora, 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 Chicora, 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 Chicora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16025, with a median bill of $2105, which is significantly higher than the national median property tax rate of 0.99%.
Average Chicora Assessed Value
$90,260
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 Chicora, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16025 | $39,266 | $57,925 | $90,260 | $138,002 | $194,080 |
Source: Ownwell
Property Tax Bills Across Chicora, Pennsylvania
In Chicora, Armstrong County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Chicora is $90,260, and property tax rates can vary within the county. Homeowners in the 25th percentile can expect tax bills around $1,364, while those in the 75th percentile might see bills as high as $3,296. At the 90th percentile, tax bills can reach up to $4,704. These taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Chicora’s property tax rates can significantly impact homeowners. The highest and lowest median tax bill in the area is $2,105, indicating a relatively uniform tax burden across different properties. Understanding these factors is crucial for homeowners to budget effectively and comprehend their financial obligations.
Average Chicora Tax Bill
$2,105
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Chicora, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16025 | $913 | $1,364 | $2,105 | $3,296 | $4,704 |
Source: Ownwell