Avonmore, Pennsylvania Property Taxes
The median property tax rate in Avonmore, PA is 2.30%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Avonmore at $106,300, the typical annual property tax bill reaches $2,448, which is just below the national median of $2,690. Property taxes in Avonmore 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 Avonmore'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 Avonmore 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
Avonmore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$2,445
Ownwell’s Avonmore Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Avonmore with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Avonmore to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Indiana County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Avonmore, Pennsylvania
Property taxes in Avonmore, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avonmore is 2.30%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Avonmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avonmore 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 Avonmore's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15618 has both the highest and lowest median property tax rate of 2.30%. Understanding how these areas compare with Avonmore provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avonmore Tax Rate
2.30%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avonmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15618 | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Avonmore, Pennsylvania
In Avonmore, 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 Indiana 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 Avonmore, 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 Avonmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15618 has the highest median tax bill at $2,448, while the lowest median tax bill also stands at $2,448.
Average Avonmore Assessed Value
$106,300
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avonmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15618 | $5,600 | $45,600 | $106,300 | $162,100 | $298,420 |
Source: Ownwell
Property Tax Bills Across Avonmore, Pennsylvania
In Avonmore, located in Indiana County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Avonmore is $106,300. The assessed value is a percentage of the market value determined by the county’s assessor. Homeowners in this area can expect a wide range in their property tax bills. For instance, the 25th percentile tax bill is around $1,050, while the 75th percentile tax bill reaches up to $3,733, and the 90th percentile tax bill can be as high as $6,873. Compared to the national median property tax rate of 0.99%, Avonmore’s property tax rates show significant variation, which can heavily impact homeowners' annual expenses. The highest median tax bill in the region is $2,448, found in the zip code 15618. These factors collectively determine the financial burden of property taxes on homeowners, influencing everything from affordability to long-term investment decisions.
Average Avonmore Tax Bill
$2,448
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Avonmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15618 | $129 | $1,050 | $2,448 | $3,733 | $6,873 |
Source: Ownwell