Colver, Pennsylvania Property Taxes
The median property tax rate in Colver, PA is 9.43%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Colver, the typical annual property tax bill reaches $820, which is lower than the national median of $2,690 due to the lower home values in the area. Property taxes in Colver 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 Colver'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 Colver or another part of Cambria County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Colver, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.43%
Estimate Property Tax Bill
$820
Ownwell’s Colver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colver 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 Colver, Pennsylvania
Property taxes in Colver, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colver is 9.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Colver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colver 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 Colver's effective property tax rate to other counties and the national median. For comparison, the 15927 zip code has the highest median property tax rate of 9.43%, while the same zip code also has the lowest median tax rate of 9.43%. Understanding how these cities compare with Colver 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 Colver Tax Rate
9.43%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15927 | 9.43% | 9.43% | 9.43% | 9.43% | 9.43% |
Source: Ownwell
Property Tax Assessment Values Across Colver, Pennsylvania
In Colver, 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 Colver, 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 Colver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Colver is $820, found in zip code 15927, while the lowest median tax bill is also $820 in the same zip code.
Average Colver Assessed Value
$8,700
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 Colver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15927 | $4,108 | $6,840 | $8,700 | $11,425 | $19,620 |
Source: Ownwell
Property Tax Bills Across Colver, Pennsylvania
In Colver, located in Cambria County, PA, property tax bills are calculated based on the assessed value of a home. The local government determines this assessed value, which is then multiplied by the local tax rate. For homeowners in Colver, the tax rate is a significant factor, as it directly impacts the annual property tax bill. The median home price in Colver is $8,700, which is relatively low compared to national figures. Despite this, property tax bills can vary widely. For instance, the 25th percentile of tax bills is around $645, while the 75th percentile can reach up to $1,075. At the 90th percentile, homeowners might see tax bills as high as $1,849. These variations illustrate how different assessed values and tax rates can affect what homeowners owe. Comparatively, the highest and lowest median tax bills in the area are both $820, indicating a consistent tax rate within the specific zip code 15927. Understanding these factors helps homeowners better anticipate their annual property tax obligations.
Average Colver Tax Bill
$820
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Colver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15927 | $387 | $645 | $820 | $1,075 | $1,849 |
Source: Ownwell