Portage, Pennsylvania Property Taxes
The median property tax rate in Portage, PA is 9.03%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $11,200 in Portage, the typical annual property tax bill amounts to $1,076, surpassing the national median of $2,690. Property taxes in Portage are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Portage’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Portage 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
Portage, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.03%
Estimate Property Tax Bill
$1,011
Ownwell’s Portage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Portage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Portage 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 Portage, Pennsylvania
Property taxes in Portage, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portage is 9.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Portage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portage 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 Portage's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15946 zip code has the highest median property tax rate of 9.03%, while the same zip code also has the lowest median tax rate of 9.03%. Understanding how these cities compare with Portage 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 Portage Tax Rate
9.03%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portage, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15946 | 9.03% | 9.03% | 9.03% | 10.13% | 10.13% |
Source: Ownwell
Property Tax Assessment Values Across Portage, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Portage, PA. 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 Portage, 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 Portage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Portage is $1,076, both occurring in the 15946 zip code.
Average Portage Assessed Value
$11,200
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 Portage, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15946 | $4,492 | $7,300 | $11,200 | $19,840 | $28,564 |
Source: Ownwell
Property Tax Bills Across Portage, Pennsylvania
In Portage, located in Cambria County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence this tax bill, including the property's location, size, and condition. In Portage, the median home price stands at $11,200. Homeowners in this area experience a range of tax bills, with the 25th percentile paying approximately $696 and the 75th percentile paying around $1,846. Those at the 90th percentile see tax bills as high as $2,624. Compared to the national median property tax rate of 0.99%, the tax rates in Portage can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances effectively.
Average Portage Tax Bill
$1,076
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Portage, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15946 | $417 | $696 | $1,076 | $1,846 | $2,624 |
Source: Ownwell