Hillsdale, Pennsylvania Property Taxes
The median property tax rate in Hillsdale, PA, is 1.40%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hillsdale, the typical annual property tax bill reaches $1,151, exceeding the national median of $2,690. Property taxes in Hillsdale 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 Hillsdale'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 Hillsdale 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
Hillsdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,137
Ownwell’s Hillsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsdale 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 Hillsdale, Pennsylvania
Property taxes in Hillsdale, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsdale is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hillsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsdale 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 Hillsdale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15746 zip code has the highest median property tax rate of 1.40%, while the 15746 zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Hillsdale 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 Hillsdale Tax Rate
1.40%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15746 | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Hillsdale, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hillsdale, Indiana County, PA. 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 local appraisal district 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 Hillsdale, 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. For instance, the median home price in Hillsdale is $81,200. The tax bills can vary significantly, with the 25th percentile tax bill at $860 and the 75th percentile at $1,580. The highest median tax bill in the area is found in zip code 15746, amounting to $1,151. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hillsdale Assessed Value
$81,200
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 Hillsdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15746 | $21,680 | $57,950 | $81,200 | $109,600 | $173,580 |
Source: Ownwell
Property Tax Bills Across Hillsdale, Pennsylvania
In Hillsdale, located in Indiana County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this calculation, including the home's market value, any applicable exemptions, and the specific tax rate set by the local authorities. For homeowners in Hillsdale, the median home price is $81,200. Tax bills can vary significantly, with the 25th percentile tax bill at $860 and the 75th percentile reaching $1,580. At the 90th percentile, homeowners might see tax bills as high as $2,439. Comparing these figures to the national median property tax rate of 0.99%, Hillsdale's property tax rates can have a notable impact on homeowners' finances, potentially affecting their overall cost of living and long-term financial planning.
Average Hillsdale Tax Bill
$1,151
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15746 | $552 | $860 | $1,151 | $1,580 | $2,439 |
Source: Ownwell