Jamestown, Pennsylvania Property Taxes
The median property tax rate in Jamestown, PA is 5.37%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jamestown, the typical annual property tax bill reaches $1,182, which is still below the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.37%
Estimate Property Tax Bill
$1,184
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, Pennsylvania
Property taxes in Jamestown, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 5.37%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest and lowest median property tax rates in Crawford County are both 5.37%, found in the zip code 16134. Understanding how these cities compare with Jamestown 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 Jamestown Tax Rate
5.37%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16134 | 5.29% | 5.35% | 5.37% | 5.37% | 5.38% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Pennsylvania
In Jamestown, 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jamestown is $22,051, with tax bills ranging from $698 at the 25th percentile to $2,636 at the 90th percentile. The zip code 16134 has both the highest and lowest median tax bill at $1,182.
Average Jamestown Assessed Value
$22,051
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 Jamestown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16134 | $6,302 | $13,049 | $22,051 | $33,750 | $49,045 |
Source: Ownwell
Property Tax Bills Across Jamestown, Pennsylvania
In Jamestown, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the Crawford County tax assessor's office and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Jamestown, the median home price is $22,051, resulting in a median tax bill of approximately $1,182. This amount can vary significantly, with the 25th percentile tax bill at $698 and the 75th percentile reaching $1,812. At the higher end, the 90th percentile tax bill can be as much as $2,636. These property tax amounts are crucial for homeowners as they directly affect monthly mortgage payments and overall housing costs. Compared to the national median property tax rate of 0.99%, Jamestown's property tax rates can be seen as relatively high, impacting the financial planning and budgeting for residents.
Average Jamestown Tax Bill
$1,182
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16134 | $337 | $698 | $1,182 | $1,812 | $2,636 |
Source: Ownwell