Greensboro, Pennsylvania Property Taxes
The median property tax rate in Greensboro, PA is 3.40%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Greensboro at $31,380, the typical annual property tax bill reaches $1,078, exceeding the national median of $2,690. Property taxes in Greensboro 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 Greensboro'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 Greensboro 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
Greensboro, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.4%
Estimate Property Tax Bill
$1,067
Ownwell’s Greensboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greensboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greensboro 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 Greensboro, Pennsylvania
Property taxes in Greensboro, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greensboro is 3.40%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Greensboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greensboro 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 Greensboro's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15338 zip code has the highest median property tax rate of 3.40%, while the same zip code also has the lowest median tax rate of 3.40%. Understanding how these cities compare with Greensboro 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 Greensboro Tax Rate
3.40%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greensboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15338 | 3.40% | 3.40% | 3.40% | 3.40% | 3.80% |
Source: Ownwell
Property Tax Assessment Values Across Greensboro, Pennsylvania
In Greensboro, 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 Greensboro, 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. The median home price in Greensboro is $31,380, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $658, while the 75th percentile tax bill is $1,741, and the 90th percentile tax bill reaches $2,724. The highest and lowest median tax bills are both $1,078, found in zip code 15338. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Greensboro Assessed Value
$31,380
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 Greensboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15338 | $5,822 | $18,995 | $31,380 | $52,665 | $86,124 |
Source: Ownwell
Property Tax Bills Across Greensboro, Pennsylvania
In Greensboro, Greene County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, the median home price in Greensboro is $31,380. Given the local tax rates, homeowners might pay anywhere from $658 at the 25th percentile to $2,724 at the 90th percentile in property taxes annually. Several factors influence the property tax bill, including the home’s assessed value, the tax rate set by local authorities, and any applicable exemptions or deductions. Comparatively, the national median property tax rate is 0.99%, making Greensboro's tax rates relatively moderate. This can significantly affect homeowners, as higher property taxes can increase the overall cost of homeownership, while lower taxes can make it more affordable. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Greensboro Tax Bill
$1,078
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Greensboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15338 | $202 | $658 | $1,078 | $1,741 | $2,724 |
Source: Ownwell