Vowinckel, Pennsylvania Property Taxes
The median property tax rate in Vowinckel, PA is 9.10%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Vowinckel at $14,180, the typical annual property tax bill reaches $1,267, which is lower than the national median of $2,690. Property taxes in Vowinckel are calculated based on the tax assessed value, often below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Vowinckel'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 Vowinckel or another part of Forest County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vowinckel, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.1%
Estimate Property Tax Bill
$1,290
Ownwell’s Vowinckel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vowinckel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vowinckel 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 Vowinckel, Pennsylvania
Property taxes in Vowinckel, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vowinckel is 9.10%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Vowinckel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vowinckel 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 Vowinckel's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16260 zip code has the highest median property tax rate of 9.10%, while the same 16260 zip code also has the lowest median tax rate of 9.10%. Understanding how these areas compare with Vowinckel 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 Vowinckel 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 Vowinckel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16260 | 8.80% | 9.03% | 9.10% | 9.10% | 9.10% |
Source: Ownwell
Property Tax Assessment Values Across Vowinckel, Pennsylvania
In Vowinckel, 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 Vowinckel, 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 Vowinckel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Vowinckel are both $1,267, found in zip code 16260, which is above the national median property tax rate of 0.99%.
Average Vowinckel Assessed Value
$14,180
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 Vowinckel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16260 | $3,720 | $8,350 | $14,180 | $22,065 | $22,720 |
Source: Ownwell
Property Tax Bills Across Vowinckel, Pennsylvania
In Vowinckel, Forest County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Vowinckel, the median home price is $14,180, which is significantly lower than the national average. Consequently, property tax bills here can vary widely. For instance, the tax bill at the 25th percentile is $745, while at the 75th percentile, it rises to $1,981. At the 90th percentile, homeowners can expect to pay around $2,068 annually. The highest median tax bill in the area is $1,267, found in the 16260 zip code. These figures illustrate the range of property tax burdens in Vowinckel, affecting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Vowinckel Tax Bill
$1,267
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Vowinckel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16260 | $339 | $745 | $1,267 | $1,981 | $2,068 |
Source: Ownwell