Aaronsburg, Pennsylvania Property Taxes
The median property tax rate in Aaronsburg, PA is 3.10%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Aaronsburg, the typical annual property tax bill reaches $2,464, which is below the national median of $2,690. Property taxes in Aaronsburg 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 Aaronsburg'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 Aaronsburg or another part of Centre County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aaronsburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$2,432
Ownwell’s Aaronsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aaronsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aaronsburg 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 Aaronsburg, Pennsylvania
Property taxes in Aaronsburg, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aaronsburg is 3.10%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Aaronsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aaronsburg 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 Aaronsburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16820 has the highest median property tax rate of 3.10%, while the same zip code also has the lowest median tax rate of 3.10%. Understanding how these cities compare with Aaronsburg provides valuable insights into the varying tax landscape across Centre County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aaronsburg Tax Rate
3.10%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aaronsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16820 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Aaronsburg, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aaronsburg, PA. The market value represents 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 Centre 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 Aaronsburg, 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. The median home price in Aaronsburg is $78,450, with property tax bills ranging from $1,788 at the 25th percentile to $4,888 at the 90th percentile. Notably, the zip code 16820 has both the highest and lowest median tax bill, which is $2,464. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aaronsburg Assessed Value
$78,450
Average Centre County Assessed Value
$97,340
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aaronsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16820 | $34,200 | $57,422 | $78,450 | $115,582 | $157,461 |
Source: Ownwell
Property Tax Bills Across Aaronsburg, Pennsylvania
In Aaronsburg, Centre County, PA, property tax bills are calculated based on the property’s assessed value, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. Homeowners in Aaronsburg experience property tax rates that can vary significantly. For example, the tax bill at the 25th percentile is $1,788, while at the 75th percentile, it reaches $3,589, and at the 90th percentile, it can be as high as $4,888. These property tax rates are notably higher than the national median property tax rate of 0.99%. This means that homeowners in Aaronsburg may face higher annual tax bills compared to the national average. The highest median tax bill in the area is $2,464, which is also the lowest, indicating a consistent tax rate across different properties within the zip code 16820. Understanding these factors can help homeowners in Aaronsburg better anticipate their annual property tax obligations and plan their finances accordingly.
Average Aaronsburg Tax Bill
$2,464
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Aaronsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16820 | $1,158 | $1,788 | $2,464 | $3,589 | $4,888 |
Source: Ownwell