Dilltown, Pennsylvania Property Taxes
The median property tax rate in Dilltown, PA is 1.64%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Dilltown being $92,700, the typical annual property tax bill reaches $1,560, exceeding the national median of $2,690. Property taxes in Dilltown 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 Dilltown'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 Dilltown or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dilltown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,520
Ownwell’s DILLTOWN Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in DILLTOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DILLTOWN 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 Dilltown, Pennsylvania
Property taxes in Dilltown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dilltown is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dilltown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dilltown 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 Dilltown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15929 has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these cities compare with Dilltown 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 Dilltown Tax Rate
1.64%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dilltown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15929 | 1.64% | 1.64% | 1.64% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Dilltown, Pennsylvania
In DILLTOWN, 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 DILLTOWN, 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 DILLTOWN 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 $1560, found in the 15929 zip code.
Average Dilltown Assessed Value
$92,700
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 Dilltown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15929 | $49,960 | $65,950 | $92,700 | $137,900 | $197,790 |
Source: Ownwell
Property Tax Bills Across Dilltown, Pennsylvania
In DILLTOWN, Indiana County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $92,700, homeowners can expect varying tax bills depending on the assessed value and applicable tax rate. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in the 25th percentile pay around $1,112, while those in the 75th percentile face bills of approximately $2,273. At the 90th percentile, the tax bill can reach up to $3,264. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in DILLTOWN to understand their local rates and assessments. These property taxes fund essential services like schools, infrastructure, and public safety, directly impacting the community's quality of life.
Average Dilltown Tax Bill
$1,560
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Dilltown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15929 | $817 | $1,112 | $1,560 | $2,273 | $3,264 |
Source: Ownwell