Moshannon, Pennsylvania Property Taxes
The median property tax rate in Moshannon, PA is 3.69%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Moshannon, the typical annual property tax bill reaches $1,463, exceeding the national median of $2,690. Property taxes in Moshannon 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 Moshannon'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 Moshannon 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
Moshannon, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$1,462
Ownwell’s Moshannon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moshannon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moshannon 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 Moshannon, Pennsylvania
Property taxes in Moshannon, Pennsylvania, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Moshannon is 2.12%, which is significantly higher than the Pennsylvania state median of 1.46% and also exceeds the U.S. national median of 0.99%. Local government entities within Moshannon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moshannon 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 Moshannon's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16859 zip code has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these cities compare with Moshannon 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 Moshannon Tax Rate
3.69%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moshannon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16859 | 3.49% | 3.69% | 3.69% | 3.69% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across Moshannon, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moshannon, 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 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 Moshannon, 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 Moshannon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16859, with a value of $1,463, while the lowest is also 16859, reflecting a consistent tax environment across the area.
Average Moshannon Assessed Value
$39,620
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 Moshannon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16859 | $11,696 | $24,475 | $39,620 | $62,600 | $92,618 |
Source: Ownwell
Property Tax Bills Across Moshannon, Pennsylvania
In Moshannon, located in 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 tax rate to determine the annual tax bill. For instance, with a median home price of $39,620, homeowners in Moshannon can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $924, while at the 75th percentile, it rises to approximately $2,329. For those in the 90th percentile, the tax bill can reach as high as $3,431. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners in Moshannon face a median property tax rate that is in line with the national median of 0.99%, making it essential for them to understand how these taxes are calculated and budget accordingly. This ensures they are prepared for their annual financial obligations and can manage their expenses effectively.
Average Moshannon Tax Bill
$1,463
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Moshannon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16859 | $449 | $924 | $1,463 | $2,329 | $3,431 |
Source: Ownwell