Rockhill Furnace, Pennsylvania Property Taxes
The median property tax rate in Rockhill Furnace, PA is 6.68%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rockhill Furnace at $11,000, the typical annual property tax bill reaches $511, which is still below the national median of $2,690. Property taxes in Rockhill Furnace 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 Rockhill Furnace'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 Rockhill Furnace 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
Rockhill Furnace, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.68%
Estimate Property Tax Bill
$735
Ownwell’s Rockhill Furnace Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockhill Furnace with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockhill Furnace 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 Rockhill Furnace, Pennsylvania
Property taxes in Rockhill Furnace, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockhill Furnace is 6.68%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rockhill Furnace set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockhill Furnace 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 Rockhill Furnace's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17249 zip code has the highest median property tax rate of 6.68%, while the same zip code also has the lowest median tax rate of 6.68%. Understanding how these areas compare with Rockhill Furnace 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 Rockhill Furnace Tax Rate
6.68%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockhill Furnace, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17249 | 1.11% | 6.28% | 6.68% | 6.68% | 6.68% |
Source: Ownwell
Property Tax Assessment Values Across Rockhill Furnace, Pennsylvania
In Rockhill Furnace, 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 Rockhill Furnace, 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 Rockhill Furnace helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $11,000, with tax bills ranging from $79 at the 25th percentile to $1,662 at the 90th percentile. The zip code 17249 has both the highest and lowest median tax bill at $511.
Property Tax Assessment Values Across Rockhill Furnace, Pennsylvania
Source: Ownwell
$3,800
$22,350
$40,900
Average Rockhill Furnace Assessed Value
$11,000
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 Rockhill Furnace, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17249 | $1,560 | $6,675 | $11,000 | $17,625 | $25,380 |
Source: Ownwell
Property Tax Bills Across Rockhill Furnace, Pennsylvania
In Rockhill Furnace, located in Huntingdon County, PA, property tax bills are primarily calculated based on the assessed value of a home. The assessed value is determined by local government assessors and represents a percentage of the property's market value. Homeowners in Rockhill Furnace experience varying tax bills, with the 25th percentile at $79 and the 75th percentile at $1,092. The 90th percentile reaches up to $1,662, indicating a wide range of tax burdens depending on property valuation and applicable exemptions. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any exemptions or deductions for which the property owner qualifies. These taxes fund essential public services such as schools, emergency services, and infrastructure. For homeowners, understanding how these elements interact is crucial for financial planning and anticipating annual expenses. Compared to the national median property tax rate of 0.99%, Rockhill Furnace's rates can vary significantly, impacting the overall affordability and attractiveness of the area for potential homeowners.
Average Rockhill Furnace Tax Bill
$511
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockhill Furnace, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17249 | $67 | $79 | $511 | $1,092 | $1,662 |
Source: Ownwell