Cooksburg, Pennsylvania Property Taxes
The median property tax rate in Cooksburg, PA is 9.10%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cooksburg at $12,210, the typical annual property tax bill is $1,111, still below the national median of $2,690. Property taxes in Cooksburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cooksburg'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 Cooksburg 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
Cooksburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.1%
Estimate Property Tax Bill
$1,111
Ownwell’s Cooksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooksburg 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 Cooksburg, Pennsylvania
Property taxes in Cooksburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooksburg is 9.10%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Cooksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooksburg 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 Cooksburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16217 has the highest median property tax rate of 9.10%, while the same zip code also has the lowest median tax rate of 9.10%. Understanding how these areas compare with Cooksburg provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cooksburg Tax Rate
9.10%
Average Forest County Tax Rate
8.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16217 | 9.10% | 9.10% | 9.10% | 9.10% | 9.10% |
Source: Ownwell
Property Tax Assessment Values Across Cooksburg, Pennsylvania
In Cooksburg, 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 Forest 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 Cooksburg, 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 Cooksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $12,210, with property tax bills ranging from $650 at the 25th percentile to $2,563 at the 90th percentile. The highest and lowest median tax bills are both $1,111, found in zip code 16217.
Average Cooksburg Assessed Value
$12,210
Average Forest County Assessed Value
$6,350
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cooksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16217 | $4,160 | $7,145 | $12,210 | $20,575 | $28,160 |
Source: Ownwell
Property Tax Bills Across Cooksburg, Pennsylvania
In Cooksburg, located in Forest County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Cooksburg, the median home price is $12,210. Tax bills can vary significantly, with the 25th percentile paying around $650 annually, while those in the 75th percentile face bills of approximately $1,873. The 90th percentile sees tax bills as high as $2,563. Compared to the national median property tax rate of 0.99%, the property tax burden in Cooksburg can be quite noticeable for homeowners. Understanding these factors can help residents anticipate their tax obligations and plan their finances accordingly.
Average Cooksburg Tax Bill
$1,111
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16217 | $379 | $650 | $1,111 | $1,873 | $2,563 |
Source: Ownwell