Hibbs, Pennsylvania Property Taxes
The median property tax rate in Hibbs, PA is 1.11%, which is higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $18,515 in Hibbs, the typical annual property tax bill is around $205, well below the national median of $2,690. Property taxes in Hibbs are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Hibbs' property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're residing in Hibbs or investing in real estate within the area, a thorough understanding of the local property tax system is essential for optimizing financial benefits.
Last Updated June 14, 2024
Hibbs, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$206
Ownwell’s Hibbs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hibbs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hibbs 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 Hibbs, Pennsylvania
Property taxes in Hibbs, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hibbs is 1.11%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hibbs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hibbs 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 Hibbs's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15443 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Hibbs provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hibbs Tax Rate
1.11%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hibbs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15443 | 0.88% | 0.99% | 1.11% | 1.21% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Hibbs, Pennsylvania
In Hibbs, 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 Fayette County Appraisal District 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 Hibbs, 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 Hibbs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Hibbs is $205.00, found in zip code 15443, which also has the lowest median tax bill.
Average Hibbs Assessed Value
$18,515
Average Fayette County Assessed Value
$51,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hibbs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15443 | $8,468 | $12,858 | $18,515 | $32,220 | $45,026 |
Source: Ownwell
Property Tax Bills Across Hibbs, Pennsylvania
In Hibbs, located in Fayette County, PA, property tax bills are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which is evaluated by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Hibbs, the tax burden can vary significantly. The 25th percentile tax bill is approximately $160, while the 75th percentile tax bill reaches around $317, and those in the 90th percentile can expect to pay up to $433. Compared to the national median property tax rate of 0.99%, Hibbs offers relatively affordable property taxes, with the highest median tax bill in the area being $205 in the 15443 zip code. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners plan their finances and appreciate the value they receive from local government services.
Average Hibbs Tax Bill
$205
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hibbs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15443 | $95 | $160 | $205 | $317 | $433 |
Source: Ownwell