Graysville, Pennsylvania Property Taxes
The median property tax rate in Graysville, PA is 3.02%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Graysville at $39,810, the typical annual property tax bill reaches $1,189, which is still below the national median of $2,690. Property taxes in Graysville 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 Graysville'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 Graysville or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Graysville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.02%
Estimate Property Tax Bill
$1,202
Ownwell’s Graysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Graysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Graysville 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 Graysville, Pennsylvania
Property taxes in Graysville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Graysville is 3.02%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Graysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Graysville 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 Graysville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15337 zip code has the highest median property tax rate of 3.02%, while the same zip code also has the lowest median tax rate of 3.02%. Understanding how these cities compare with Graysville provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Graysville Tax Rate
3.02%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Graysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15337 | 2.84% | 3.00% | 3.02% | 3.17% | 3.21% |
Source: Ownwell
Property Tax Assessment Values Across Graysville, Pennsylvania
In Graysville, 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 Greene 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 Graysville, 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 Graysville 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 $1,189, found in the 15337 zip code.
Average Graysville Assessed Value
$39,810
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Graysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15337 | $10,524 | $23,540 | $39,810 | $78,635 | $129,712 |
Source: Ownwell
Property Tax Bills Across Graysville, Pennsylvania
In Graysville, located in Greene County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is then multiplied by the applicable tax rate to determine the annual tax bill. For homeowners in Graysville, several factors influence this calculation, including the property's assessed value, any applicable exemptions, and the local tax rate. The median home price in Graysville is $39,810, which is significantly lower than the national median. This lower home price contributes to relatively lower property tax bills. For instance, at the 25th percentile, tax bills are around $720, while at the 75th percentile, they reach $2,426. The 90th percentile tax bill can go up to $3,817. Despite these variations, the highest and lowest median tax bills in Graysville are both $1,189, reflecting a consistent tax rate across the area. These property taxes directly impact homeowners by influencing their overall housing costs and financial planning.
Average Graysville Tax Bill
$1,189
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Graysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15337 | $328 | $720 | $1,189 | $2,426 | $3,817 |
Source: Ownwell