Loysburg, Pennsylvania Property Taxes
The median property tax rate in Loysburg, PA is 1.28%, which is higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With a median home value of $90,300 in Loysburg, the typical annual property tax bill amounts to $1,159, falling below the national median of $2,690. Property taxes in Loysburg are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Loysburg's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're residing in the heart of Loysburg or another part of Bedford County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Loysburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,156
Ownwell’s Loysburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loysburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loysburg 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 Loysburg, Pennsylvania
Property taxes in Loysburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loysburg is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Loysburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loysburg 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 Loysburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16659 has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these figures compare with Loysburg provides valuable insights into the varying tax landscape across Bedford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Loysburg Tax Rate
1.28%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16659 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Loysburg, Pennsylvania
In Loysburg, 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 Bedford 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 Loysburg, 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 Loysburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16659 in Loysburg has the highest and lowest median tax bill at $1,159, reflecting the diverse property values in the area.
Average Loysburg Assessed Value
$90,300
Average Bedford County Assessed Value
$101,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Loysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16659 | $10,180 | $37,000 | $90,300 | $113,900 | $174,400 |
Source: Ownwell
Property Tax Bills Across Loysburg, Pennsylvania
Property tax bills in Loysburg, located in Bedford County, PA, are calculated based on the assessed value of the property, which is determined by local assessors. The median home price in Loysburg is $90,300, and the tax rate is applied to this value to determine the annual tax bill. For instance, homeowners in the 25th percentile pay around $475 annually, while those in the 75th percentile pay approximately $1,462. The top 10% of tax bills in the area reach up to $2,132. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Loysburg's tax rates reflect the local economic conditions and funding needs. Homeowners in Loysburg should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of homeownership in the area.
Average Loysburg Tax Bill
$1,159
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Loysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16659 | $131 | $475 | $1,159 | $1,462 | $2,132 |
Source: Ownwell