Atlantic, Pennsylvania Property Taxes
The median property tax rate in Atlantic, PA is 6.02%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Atlantic at $30,599, the typical annual property tax bill reaches $1,845, which is below the national median of $2,690. Property taxes in Atlantic 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 Atlantic'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 Atlantic 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
Atlantic, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.02%
Estimate Property Tax Bill
$1,842
Ownwell’s Atlantic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlantic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlantic 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 Atlantic, Pennsylvania
Property taxes in Atlantic, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlantic is 6.02%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Atlantic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlantic 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 Atlantic's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16111 zip code has the highest median property tax rate of 6.02%, while the 16111 zip code also has the lowest median tax rate of 6.02%. Understanding how these cities compare with Atlantic provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlantic Tax Rate
6.02%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlantic, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16111 | 5.74% | 5.75% | 6.02% | 6.03% | 6.03% |
Source: Ownwell
Property Tax Assessment Values Across Atlantic, Pennsylvania
In Atlantic, 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 Crawford 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 Atlantic, 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 Atlantic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Atlantic is $30,599, with tax bills ranging from $662 at the 25th percentile to $3,276 at the 90th percentile. Notably, the highest and lowest median tax bills are both $1,845 in zip code 16111.
Average Atlantic Assessed Value
$30,599
Average Crawford County Assessed Value
$26,552
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlantic, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16111 | $5,400 | $11,250 | $30,599 | $43,550 | $56,101 |
Source: Ownwell
Property Tax Bills Across Atlantic, Pennsylvania
In Atlantic, located in Crawford County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the tax bill. For instance, with the median home price at $30,599, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is $662, while the 75th percentile tax bill reaches up to $2,568, and the 90th percentile tax bill can go as high as $3,276. These property tax bills directly impact homeowners, influencing their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Atlantic's tax bills can seem relatively high, especially for homes in the higher percentiles. This variability underscores the importance of understanding the local assessment and tax rate processes to anticipate annual property tax obligations accurately.
Average Atlantic Tax Bill
$1,845
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlantic, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16111 | $326 | $662 | $1,845 | $2,568 | $3,276 |
Source: Ownwell