Carrolltown, Pennsylvania Property Taxes
The median property tax rate in Carrolltown, PA is 10.85%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Carrolltown at $11,340, the typical annual property tax bill reaches $1,302, exceeding the national median of $2,690. Property taxes in Carrolltown 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 Carrolltown'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 Carrolltown 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
Carrolltown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
10.85%
Estimate Property Tax Bill
$1,230
Ownwell’s Carrolltown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrolltown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrolltown 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 Carrolltown, Pennsylvania
Property taxes in Carrolltown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrolltown is 10.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Carrolltown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrolltown 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 Carrolltown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15722 zip code has both the highest and lowest median property tax rate of 10.85%. Understanding how these cities compare with Carrolltown provides valuable insights into the varying tax landscape across Cambria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrolltown Tax Rate
10.85%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrolltown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15722 | 10.05% | 10.05% | 10.85% | 12.15% | 12.15% |
Source: Ownwell
Property Tax Assessment Values Across Carrolltown, Pennsylvania
In Carrolltown, 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 Cambria 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 Carrolltown, 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 Carrolltown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Carrolltown is $1302 in the 15722 zip code, while the lowest median tax bill is also $1302 in the same zip code.
Average Carrolltown Assessed Value
$11,340
Average Cambria County Assessed Value
$12,040
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrolltown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15722 | $3,674 | $6,825 | $11,340 | $20,332 | $26,940 |
Source: Ownwell
Property Tax Bills Across Carrolltown, Pennsylvania
In Carrolltown, located in Cambria County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Homeowners in Carrolltown face property tax bills that vary widely. For instance, the 25th percentile tax bill is $783, while the 75th percentile tax bill is $2203, and the 90th percentile tax bill can reach up to $2966. These figures are influenced by the local property tax rate and the assessed value of the home. With the national median property tax rate at 0.99%, Carrolltown's specific rates and assessed values can significantly impact homeowners' annual expenses. For example, the highest median tax bill in Carrolltown is $1302, which is notably higher than the national median rate. Understanding these factors is crucial for homeowners, as property taxes constitute a significant portion of homeownership costs, affecting affordability and long-term financial planning.
Average Carrolltown Tax Bill
$1,302
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrolltown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15722 | $370 | $783 | $1,302 | $2,203 | $2,966 |
Source: Ownwell