Broad Top, Pennsylvania Property Taxes
The median property tax rate in Broad Top, PA is 6.51%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $19,100 in Broad Top, the typical annual property tax bill reaches $957, which is below the national median of $2,690. Property taxes in Broad Top are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Broad Top'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 Broad Top 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
Broad Top, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.51%
Estimate Property Tax Bill
$1,243
Ownwell’s Broad Top Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broad Top with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broad Top 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 Broad Top, Pennsylvania
Property taxes in Broad Top, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broad Top is 6.51%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Broad Top set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broad Top 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 Broad Top's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16621 zip code has the highest median property tax rate of 6.51%, while the same zip code also has the lowest median tax rate of 6.51%. Understanding how these cities compare with Broad Top provides valuable insights into the varying tax landscape across Huntingdon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Broad Top Tax Rate
6.51%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broad Top, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16621 | 6.50% | 6.51% | 6.51% | 6.69% | 6.69% |
Source: Ownwell
Property Tax Assessment Values Across Broad Top, Pennsylvania
In Broad Top, 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 Huntingdon 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 Broad Top, 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 Broad Top 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 $957, found in zip code 16621.
Average Broad Top Assessed Value
$19,100
Average Huntingdon County Assessed Value
$15,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Broad Top, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16621 | $3,400 | $9,100 | $19,100 | $32,800 | $46,540 |
Source: Ownwell
Property Tax Bills Across Broad Top, Pennsylvania
In Broad Top, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. The median home price in Broad Top is $19,100, significantly lower than the national median property tax rate of 0.99%. Homeowners in Broad Top can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $413, while at the 75th percentile, it jumps to $1,933. At the 90th percentile, homeowners might pay up to $2,746. Factors influencing these tax bills include property size, location, and any applicable exemptions. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is determined can help in financial planning and appeal processes if they believe their property has been over-assessed. The highest and lowest median tax bills in the area are both $957, which indicates a relatively uniform assessment approach within the zip code 16621 in Huntingdon County.
Average Broad Top Tax Bill
$957
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Broad Top, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16621 | $148 | $413 | $957 | $1,933 | $2,746 |
Source: Ownwell