Woodbury, Pennsylvania Property Taxes
The median property tax rate in Woodbury, PA is 1.32%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $109,650 in Woodbury, the typical annual property tax bill reaches $1,472, exceeding the national median of $2,690. Property taxes in Woodbury 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 Woodbury'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 Woodbury 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
Woodbury, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,447
Ownwell’s Woodbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodbury 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 Woodbury, Pennsylvania
Property taxes in Woodbury, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodbury is 1.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Woodbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodbury 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 Woodbury's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16695 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Woodbury 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 Woodbury Tax Rate
1.32%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodbury, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16695 | 1.28% | 1.32% | 1.32% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Woodbury, Pennsylvania
In Woodbury, 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 Appraisal District 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 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. For instance, the median home price in Woodbury is $109,650, with the 25th percentile tax bill at $1,031 and the 75th percentile tax bill at $2,006. The highest median tax bill in the area is $1,472 in the 16695 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Woodbury Assessed Value
$109,650
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 Woodbury, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16695 | $46,810 | $78,700 | $109,650 | $158,225 | $253,870 |
Source: Ownwell
Property Tax Bills Across Woodbury, Pennsylvania
In Woodbury, Bedford County, PA, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, the median home price in Woodbury is $109,650. The property tax rate in Woodbury is higher than the national median rate of 0.99%, leading to a typical tax bill. Homeowners in the 25th percentile pay around $1,031 annually, while those in the 75th percentile face bills of approximately $2,006. The top 10% of homeowners may see tax bills as high as $3,165. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Accurate assessments and understanding local tax rates are crucial for managing these expenses effectively.
Average Woodbury Tax Bill
$1,472
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodbury, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16695 | $615 | $1,031 | $1,472 | $2,006 | $3,165 |
Source: Ownwell