Ford City, Pennsylvania Property Taxes
The median property tax rate in Ford City, PA is 2.96%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Ford City at $80,680, the typical annual property tax bill is $2,559, which is just below the national median of $2,690. Property taxes in Ford City 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 Ford City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ford City or another part of Armstrong County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ford City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.96%
Estimate Property Tax Bill
$2,388
Ownwell’s Ford City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ford City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ford City 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 Ford City, Pennsylvania
Property taxes in Ford City, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ford City is 2.96%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ford City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ford City 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 Ford City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16226 zip code has the highest median property tax rate of 2.96%, while the same zip code also has the lowest median tax rate of 2.96%. Understanding how these cities compare with Ford City 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 Ford City Tax Rate
2.96%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ford City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16226 | 2.94% | 2.94% | 2.96% | 3.41% | 3.41% |
Source: Ownwell
Property Tax Assessment Values Across Ford City, Pennsylvania
In Ford City, 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 Ford City, 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 Ford City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $2,559 in the 16226 zip code.
Average Ford City Assessed Value
$80,680
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 Ford City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16226 | $32,300 | $51,120 | $80,680 | $121,500 | $173,920 |
Source: Ownwell
Property Tax Bills Across Ford City, Pennsylvania
In Ford City, Armstrong County, PA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local government assessors and is intended to represent the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including the property's size, location, and condition. For homeowners, these taxes can significantly impact their annual expenses. In Ford City, the median home price stands at $80,680, and the property tax rate can lead to varying tax bills. For example, the tax bill at the 25th percentile is $1,663, while at the 75th percentile, it reaches $3,718. The highest median tax bill recorded in the area is $2,559 in zip code 16226. Comparatively, the national median property tax rate is 0.99%, making Ford City's rates an essential consideration for potential homeowners. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Ford City Tax Bill
$2,559
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ford City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16226 | $1,049 | $1,663 | $2,559 | $3,718 | $5,306 |
Source: Ownwell