Beech Creek, Pennsylvania Property Taxes
The median property tax rate in Beech Creek, PA is 2.67%, which is considerably higher than the national median of 0.99% but slightly lower than the Pennsylvania state median of 2.81%. With a median home value of $32,240 in Beech Creek, the typical annual property tax bill amounts to $866, which is below the national median of $2,690. Property taxes in Beech Creek are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Beech Creek'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 Beech Creek 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
Beech Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.67%
Estimate Property Tax Bill
$861
Ownwell’s Beech Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beech Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beech Creek 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 Beech Creek, Pennsylvania
Property taxes in Beech Creek, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beech Creek is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Beech Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beech Creek 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 Beech Creek's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16822 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these areas compare with Beech Creek 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 Beech Creek Tax Rate
2.67%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beech Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16822 | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% |
Source: Ownwell
Property Tax Assessment Values Across Beech Creek, Pennsylvania
In Beech Creek, 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 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 Beech Creek, 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 Beech Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Beech Creek's median home price stands at $32,240, with tax bills ranging from the 25th percentile at $605 to the 90th percentile at $2,204. The zip code 16822 has the highest and lowest median tax bill at $866.
Property Tax Assessment Values Across Beech Creek, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average Beech Creek Assessed Value
$32,240
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 Beech Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16822 | $7,688 | $21,980 | $32,240 | $46,015 | $82,244 |
Source: Ownwell
Property Tax Bills Across Beech Creek, Pennsylvania
In Beech Creek, Centre County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $32,240, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. The tax bill can range significantly, with the 25th percentile paying around $605 annually, while those in the 75th percentile see bills closer to $1,239. At the higher end, the 90th percentile faces tax bills up to $2,204. These variations highlight the impact of property assessments and tax rates on homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Beech Creek's tax rates can be relatively moderate or burdensome depending on individual circumstances. Understanding these factors is crucial for homeowners to budget accordingly and anticipate their financial obligations.
Average Beech Creek Tax Bill
$866
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Beech Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16822 | $300 | $605 | $866 | $1,239 | $2,204 |
Source: Ownwell