Hookstown, Pennsylvania Property Taxes
The median property tax rate in Hookstown, PA is 4.95%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hookstown at $57,100, the typical annual property tax bill reaches $2,838, slightly above the national median of $2,690. Property taxes in Hookstown 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 Hookstown'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 Hookstown or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hookstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.95%
Estimate Property Tax Bill
$2,826
Ownwell’s Hookstown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hookstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hookstown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Hookstown, Pennsylvania
Property taxes in Hookstown, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hookstown is 4.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hookstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hookstown 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 Hookstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15050 has the highest median property tax rate of 4.95%, while the same zip code also has the lowest median tax rate of 4.95%. Understanding how these cities compare with Hookstown 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 Hookstown Tax Rate
4.95%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hookstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15050 | 4.65% | 4.75% | 4.95% | 4.95% | 4.95% |
Source: Ownwell
Property Tax Assessment Values Across Hookstown, Pennsylvania
In Hookstown, 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 Hookstown, 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 Hookstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hookstown is $57,100, with the highest and lowest median tax bills both recorded at $2,838 in zip code 15050.
Average Hookstown Assessed Value
$57,100
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 Hookstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15050 | $20,080 | $35,150 | $57,100 | $86,850 | $114,220 |
Source: Ownwell
Property Tax Bills Across Hookstown, Pennsylvania
Property tax bills in Hookstown, PA, located in Beaver County, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor and reflects a percentage of the property's market value. For homeowners in Hookstown, this means that their tax bill is a direct result of their property's assessed value multiplied by the local tax rate. Several factors influence the tax bill, including property size, location, and any improvements made to the property. In Hookstown, the median home price is $57,100, which serves as a baseline for understanding potential tax obligations. Homeowners can expect tax bills to vary significantly, with the 25th percentile tax bill at $1,721 and the 75th percentile reaching $4,334. The highest median tax bill in the area is $2,838. These property taxes are essential for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Comparatively, Hookstown's tax rates are higher than the national median property tax rate of 0.99%, making it crucial for homeowners to understand their tax obligations.
Average Hookstown Tax Bill
$2,838
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hookstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15050 | $983 | $1,721 | $2,838 | $4,334 | $5,654 |
Source: Ownwell