West Hickory, Pennsylvania Property Taxes
The median property tax rate in West Hickory, PA is 9.21%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in West Hickory, the typical annual property tax bill reaches $613, which is lower than the national median of $2,690. Property taxes in West Hickory 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 West Hickory'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 West Hickory 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
West Hickory, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.21%
Estimate Property Tax Bill
$612
Ownwell’s WEST HICKORY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST HICKORY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST HICKORY 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 West Hickory, Pennsylvania
Property taxes in West Hickory, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in West Hickory is 9.21%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within West Hickory set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Hickory 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 West Hickory's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16370 zip code has the highest median property tax rate of 9.21%, while the same zip code also has the lowest median tax rate of 9.21%. Understanding how these areas compare with West Hickory 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 West Hickory Tax Rate
9.21%
Average Forest County Tax Rate
8.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Hickory, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16370 | 9.21% | 9.21% | 9.21% | 9.21% | 9.21% |
Source: Ownwell
Property Tax Assessment Values Across West Hickory, Pennsylvania
In West Hickory, 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 West Hickory, 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 West Hickory helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in zip code 16370, each amounting to $613.
Average West Hickory Assessed Value
$6,650
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 West Hickory, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16370 | $3,200 | $4,350 | $6,650 | $10,040 | $12,484 |
Source: Ownwell
Property Tax Bills Across West Hickory, Pennsylvania
In West Hickory, located in Forest County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in this region typically see property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $401, while the 75th percentile reaches up to $925, and the 90th percentile can go as high as $1,150. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions or deductions. The tax rate in West Hickory is compared to the national median property tax rate of 0.99%, providing a benchmark for homeowners to understand their relative tax burden. Higher property tax bills can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average West Hickory Tax Bill
$613
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across West Hickory, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16370 | $295 | $401 | $613 | $925 | $1,150 |
Source: Ownwell