Shelocta, Pennsylvania Property Taxes
The median property tax rate in Shelocta, PA is 2.78%, slightly below the Pennsylvania state median of 2.81% but significantly higher than the national median of 0.99%. With a median home value of $94,785 in Shelocta, the typical annual property tax bill amounts to $2,662, which is just under the national median of $2,690. Property taxes in Shelocta are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Shelocta'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 Shelocta or another part of Armstrong County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shelocta, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.78%
Estimate Property Tax Bill
$2,635
Ownwell’s Shelocta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelocta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelocta 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 Shelocta, Pennsylvania
Property taxes in Shelocta, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelocta is 1.35%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Shelocta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelocta 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 Shelocta's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15774 zip code has the highest median property tax rate of 1.35%, while the same 15774 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Shelocta 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 Shelocta Tax Rate
2.78%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelocta, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15774 | 2.78% | 2.78% | 2.78% | 2.87% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Shelocta, Pennsylvania
In Shelocta, 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 Shelocta, 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 Shelocta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Shelocta is 15774, with a median tax bill of $2,662.
Average Shelocta Assessed Value
$94,785
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 Shelocta, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15774 | $28,830 | $58,300 | $94,785 | $138,740 | $196,835 |
Source: Ownwell
Property Tax Bills Across Shelocta, Pennsylvania
In Shelocta, Armstrong County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $94,785, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. The property tax bill can range significantly. At the 25th percentile, homeowners might pay around $1,645, while those at the 75th percentile could see bills as high as $3,890. The 90th percentile tax bill can reach up to $5,519. These figures highlight the variation in tax burdens among homeowners, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, the tax rates in Shelocta reflect regional economic conditions and local government funding needs. Homeowners should be aware of these factors as they can significantly impact their annual property tax obligations.
Average Shelocta Tax Bill
$2,662
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelocta, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15774 | $802 | $1,645 | $2,662 | $3,890 | $5,519 |
Source: Ownwell