Fleming, Pennsylvania Property Taxes
The median property tax rate in Fleming, PA is 3.70%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Fleming at $55,360, the typical annual property tax bill reaches $2,057, which is below the national median of $2,690. Property taxes in Fleming 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 Fleming'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 Fleming 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
Fleming, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.7%
Estimate Property Tax Bill
$2,048
Ownwell’s Fleming Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fleming with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fleming 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 Fleming, Pennsylvania
Property taxes in Fleming, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fleming is 1.46%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Fleming set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fleming estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Fleming's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16835 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 cities compare with Fleming 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 Fleming Tax Rate
3.70%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fleming, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16835 | 3.70% | 3.70% | 3.70% | 3.70% | 3.70% |
Source: Ownwell
Property Tax Assessment Values Across Fleming, Pennsylvania
In Fleming, 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 Fleming, 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 Fleming helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 16835, with a median tax bill of $2,057.
Average Fleming Assessed Value
$55,360
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 Fleming, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16835 | $17,394 | $38,412 | $55,360 | $70,170 | $93,215 |
Source: Ownwell
Property Tax Bills Across Fleming, Pennsylvania
In Fleming, Centre County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For instance, the median home price in Fleming is $55,360. Homeowners in this area can expect a tax bill ranging from $1,466 at the 25th percentile to $2,608 at the 75th percentile, with the 90th percentile reaching up to $3,455. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Fleming can be quite impactful on homeowners. High property taxes can increase the overall cost of homeownership, affecting affordability and potentially influencing decisions on buying or selling property. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Fleming Tax Bill
$2,057
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fleming, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16835 | $775 | $1,466 | $2,057 | $2,608 | $3,455 |
Source: Ownwell