Cooperstown, Pennsylvania Property Taxes
The median property tax rate in Cooperstown, PA is 3.14%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $12,376 in Cooperstown, the typical annual property tax bill is $388, which is well below the national median of $2,690. Property taxes in Cooperstown are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Cooperstown'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 Cooperstown or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cooperstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$389
Ownwell’s Cooperstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooperstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooperstown 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 Cooperstown, Pennsylvania
Property taxes in Cooperstown, Pennsylvania, play a crucial role in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooperstown is 3.14%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cooperstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooperstown 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 Cooperstown's effective property tax rate to other areas in Crawford County and the national median. For comparison, the zip code 16317 has both the highest and lowest median property tax rate of 3.14%. Understanding how these areas compare with Cooperstown 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 Cooperstown Tax Rate
3.14%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooperstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16317 | 3.13% | 3.14% | 3.14% | 3.14% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Cooperstown, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cooperstown, 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 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 Cooperstown, 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 Cooperstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $388.00, found in the 16317 zip code.
Average Cooperstown Assessed Value
$12,376
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 Cooperstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16317 | $5,175 | $7,355 | $12,376 | $26,214 | $58,076 |
Source: Ownwell
Property Tax Bills Across Cooperstown, Pennsylvania
In Cooperstown, located in Crawford County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and is a percentage of the property's market value. Homeowners in Cooperstown can expect their property tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. Several factors contribute to the final tax bill, including the property's location within the county and any applicable exemptions or deductions. For instance, the tax bill at the 25th percentile is $231, while at the 75th percentile, it rises to $823. At the 90th percentile, homeowners might pay as much as $1,822. In comparison, the highest median tax bill recorded in the area is $388, found in the 16317 zip code. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help residents manage their expenses and plan for future tax obligations.
Average Cooperstown Tax Bill
$388
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooperstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16317 | $163 | $231 | $388 | $823 | $1,822 |
Source: Ownwell