Hydetown, Pennsylvania Property Taxes
The median property tax rate in Hydetown, PA is 5.36%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hydetown at $18,900, the typical annual property tax bill reaches $1,012, exceeding the national median of $2,690. Property taxes in Hydetown 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 Hydetown'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 Hydetown 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
Hydetown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.36%
Estimate Property Tax Bill
$1,013
Ownwell’s Hydetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hydetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hydetown 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 Hydetown, Pennsylvania
Property taxes in Hydetown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hydetown is 5.36%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hydetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hydetown 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 Hydetown's effective property tax rate to other areas in Crawford County and the national median. For comparison, the 16328 zip code has both the highest and lowest median property tax rate of 5.36%. Understanding how these areas compare with Hydetown 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 Hydetown Tax Rate
5.36%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hydetown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16328 | 5.35% | 5.35% | 5.36% | 5.36% | 5.36% |
Source: Ownwell
Property Tax Assessment Values Across Hydetown, Pennsylvania
In Hydetown, 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 Hydetown, 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 Hydetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Hydetown's highest and lowest median tax bills are both $1,012 in the 16328 zip code, reflecting the uniformity in the area’s tax assessments.
Average Hydetown Assessed Value
$18,900
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 Hydetown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16328 | $8,170 | $14,894 | $18,900 | $25,432 | $34,431 |
Source: Ownwell
Property Tax Bills Across Hydetown, Pennsylvania
In Hydetown, Crawford County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Hydetown is $18,900, with tax bills varying significantly across the spectrum. Homeowners in the 25th percentile pay approximately $796, while those in the 75th percentile face bills around $1,363. At the higher end, the 90th percentile sees tax bills reaching $1,845. These figures illustrate the range of financial impact on homeowners, depending on their property's assessed value. Comparatively, the highest and lowest median tax bills in the area are both noted at $1,012 in the zip code 16328. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Hydetown Tax Bill
$1,012
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hydetown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16328 | $438 | $796 | $1,012 | $1,363 | $1,845 |
Source: Ownwell