Rural Valley, Pennsylvania Property Taxes
The median property tax rate in Rural Valley, PA is 2.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rural Valley, the typical annual property tax bill reaches $2,697, slightly exceeding the national median of $2,690. Property taxes in Rural Valley 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 Rural Valley'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 Rural Valley 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
Rural Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$2,665
Ownwell’s RURAL VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RURAL VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RURAL VALLEY 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 Rural Valley, Pennsylvania
Property taxes in Rural Valley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rural Valley is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Rural Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rural Valley 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 Rural Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, 16249 has the highest median property tax rate of 1.46%, while 15736 has the lowest median tax rate of 1.35%. Understanding how these cities compare with Rural Valley 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 Rural Valley Tax Rate
2.83%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rural Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15736 | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| 16249 | 2.78% | 2.83% | 2.83% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Rural Valley, Pennsylvania
In Rural Valley, 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 Rural Valley, 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 Rural Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Rural Valley is $3,424 in the 15736 zip code, while the lowest median tax bill is $2,697 in the 16249 zip code.
Property Tax Assessment Values Across Rural Valley, Pennsylvania
Source: Ownwell
$6,520
$107,245
$207,970
Average Rural Valley Assessed Value
$94,180
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 Rural Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15736 | $123,120 | $123,120 | $123,120 | $123,120 | $123,120 |
| 16249 | $29,561 | $63,805 | $94,140 | $136,805 | $199,143 |
Source: Ownwell
Property Tax Bills Across Rural Valley, Pennsylvania
In Rural Valley, Armstrong County, PA, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For instance, the median home price in Rural Valley is $94,180, and property tax bills can vary significantly across different percentiles. Homeowners in the 25th percentile can expect a tax bill around $1,847, while those in the 75th percentile might see bills as high as $3,950. The 90th percentile reaches up to $5,600. Comparatively, the highest median tax bill in Armstrong County is $3,424 in the 15736 zip code, whereas the lowest is $2,697 in the 16249 zip code. These property taxes impact homeowners by influencing their overall cost of living and can affect decisions related to homeownership and real estate investments.
Average Rural Valley Tax Bill
$2,697
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rural Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15736 | $3,424 | $3,424 | $3,424 | $3,424 | $3,424 |
| 16249 | $838 | $1,846 | $2,697 | $3,951 | $5,602 |
Source: Ownwell