Imperial, Pennsylvania Property Taxes
The median property tax rate in Imperial, PA is 6.15%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Imperial at $64,700, the typical annual property tax bill reaches $3,977, far exceeding the national median of $2,690. Property taxes in Imperial 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 Imperial'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 Imperial or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Imperial, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.15%
Estimate Property Tax Bill
$3,979
Ownwell’s Imperial Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Imperial with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imperial 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 Imperial, Pennsylvania
Property taxes in Imperial, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imperial is 6.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Imperial set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imperial 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 Imperial's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15126 zip code has the highest median property tax rate of 6.15%, while the same zip code also has the lowest median tax rate of 6.15%. Understanding how these cities compare with Imperial 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 Imperial Tax Rate
6.15%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imperial, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15126 | 6.15% | 6.15% | 6.15% | 6.15% | 6.15% |
Source: Ownwell
Property Tax Assessment Values Across Imperial, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Imperial, Pennsylvania. 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. Assessment notices in Imperial 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 median home price in Imperial is $64,700, with annual tax bills ranging from $3,018 at the 25th percentile to $7,015 at the 90th percentile. The zip code 15126 has both the highest and lowest median tax bill, standing at $3,977. Being aware of these valuation processes in Imperial helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Imperial Assessed Value
$64,700
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 Imperial, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15126 | $30,230 | $49,100 | $64,700 | $81,400 | $114,110 |
Source: Ownwell
Property Tax Bills Across Imperial, Pennsylvania
In Imperial, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in Imperial can expect their tax bills to vary significantly depending on the assessed value of their homes. The median home price in Imperial is $64,700, and tax bills range widely, with the 25th percentile at $3,018 and the 75th percentile at $5,004. For those in the 90th percentile, tax bills can reach up to $7,015. These figures highlight the variability in tax burdens among homeowners. With the national median property tax rate at 0.99%, Imperial's property tax rates can be considered relatively high, impacting homeowners' annual financial planning. Understanding these factors is crucial for homeowners to anticipate their property tax obligations and manage their finances effectively.
Average Imperial Tax Bill
$3,977
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Imperial, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15126 | $1,858 | $3,018 | $3,977 | $5,004 | $7,015 |
Source: Ownwell