Revloc, Pennsylvania Property Taxes
The median property tax rate in REVLOC, 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 REVLOC at $7,310, the typical annual property tax bill reaches $689, which is still below the national median of $2,690. Property taxes in REVLOC 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 REVLOC'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 REVLOC 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
Revloc, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.43%
Estimate Property Tax Bill
$689
Ownwell’s REVLOC Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in REVLOC with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in REVLOC 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 Revloc, Pennsylvania
Property taxes in Revloc, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Revloc is 9.43%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Revloc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Revloc 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 Revloc's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15948 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 areas compare with Revloc 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 Revloc 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 Revloc, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15948 | 9.43% | 9.43% | 9.43% | 9.43% | 9.43% |
Source: Ownwell
Property Tax Assessment Values Across Revloc, Pennsylvania
In Revloc, 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 Revloc, 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 Revloc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Revloc is $689 in the zip code 15948, which is also the lowest median tax bill.
Average Revloc Assessed Value
$7,310
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 Revloc, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15948 | $3,980 | $5,188 | $7,310 | $9,758 | $13,275 |
Source: Ownwell
Property Tax Bills Across Revloc, Pennsylvania
In Revloc, Cambria County, PA, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value of the property, reflecting its worth in the current real estate market. Homeowners in Revloc can expect their tax bills to vary significantly; for instance, the tax bill at the 25th percentile is $489, while at the 75th percentile, it rises to $920. The highest median tax bill in the area is recorded at $689, with the same figure also representing the lowest median tax bill, both in the zip code 15948. These property tax bills directly impact homeowners by influencing their annual expenses and the affordability of owning a home in the region. Compared to the national median property tax rate of 0.99%, the property tax rate in Revloc can affect homeowners differently depending on their property's assessed value and the specific tax rate applied. This variability underscores the importance of understanding local tax assessments and their implications on personal finances.
Average Revloc Tax Bill
$689
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Revloc, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15948 | $375 | $489 | $689 | $920 | $1,251 |
Source: Ownwell