Fombell, Pennsylvania Property Taxes
The median property tax rate in Fombell, PA is 5.20%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Fombell at $52,000, the typical annual property tax bill reaches $2,697, closely matching the national median of $2,690. Property taxes in Fombell 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 Fombell'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 Fombell or another part of Beaver County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fombell, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.2%
Estimate Property Tax Bill
$2,704
Ownwell’s Fombell Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fombell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fombell to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-specific trends, more localized information is available below. Your property's assessed value is the value determined by Beaver County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Fombell, Pennsylvania
Property taxes in Fombell, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fombell is 5.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Fombell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fombell 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 Fombell's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16123 has the highest median property tax rate of 5.20%, while also having the lowest median tax rate of 5.20%. Understanding how these cities compare with Fombell provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fombell Tax Rate
5.20%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fombell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16123 | 5.17% | 5.18% | 5.20% | 5.20% | 5.20% |
Source: Ownwell
Property Tax Assessment Values Across Fombell, Pennsylvania
In Fombell, 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 Beaver 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 Fombell, 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. For instance, the zip code with the highest median tax bill in Fombell is 16123 at $2,697. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fombell Assessed Value
$52,000
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fombell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16123 | $15,540 | $33,100 | $52,000 | $78,225 | $112,839 |
Source: Ownwell
Property Tax Bills Across Fombell, Pennsylvania
In Fombell, Beaver County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, a home with a median price of $52,000 in Fombell would have its tax bill calculated using the local tax rate applied to this assessed value. Several factors influence this tax bill, including changes in property values and any applicable exemptions. Homeowners in Fombell can expect tax bills that vary significantly, with the 25th percentile at $1,721 and the 75th percentile reaching $4,054. For those in the 90th percentile, the tax bill can be as high as $5,855. Comparatively, these figures highlight the variability in property tax burdens within the area, affecting homeowners differently based on the assessed value of their properties. The highest and lowest median tax bills in the area both stand at $2,697, reflecting the specific zip code's consistency in tax assessments.
Average Fombell Tax Bill
$2,697
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fombell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16123 | $807 | $1,721 | $2,697 | $4,054 | $5,855 |
Source: Ownwell