Josephine, Pennsylvania Property Taxes
The median property tax rate in Josephine, PA is 2.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Josephine at $51,000, the typical annual property tax bill reaches $1,216, exceeding the national median of $2,690. Property taxes in Josephine 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 Josephine'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 Josephine 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
Josephine, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$1,132
Ownwell’s Josephine Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Josephine with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Josephine to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities, ensuring you are well-informed. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by the county for tax calculations, will account for any applicable exemptions, giving you a clear picture of your tax obligations.
Property Tax Rates Across Josephine, Pennsylvania
Property taxes in Josephine, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Josephine is 1.35%, higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Josephine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Josephine 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 Josephine's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15750 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Josephine 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 Josephine Tax Rate
2.22%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Josephine, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15750 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Josephine, Pennsylvania
In Josephine, 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 Josephine, 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 Josephine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,216, found in zip code 15750, while the lowest median tax bill is also $1,216, indicating a uniform tax burden across different areas within the zip code.
Average Josephine Assessed Value
$51,000
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 Josephine, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15750 | $11,400 | $25,575 | $51,000 | $76,550 | $111,600 |
Source: Ownwell
Property Tax Bills Across Josephine, Pennsylvania
In Josephine, 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. Factors such as the size, location, and condition of the property are considered during the assessment process. For example, the median home price in Josephine is $51,000, and the property tax bill varies significantly across different percentiles. Homeowners at the 25th percentile can expect to pay around $660 annually, while those at the 75th percentile may see a bill of approximately $1,702. At the 90th percentile, the tax bill can reach up to $2,495. These tax bills can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners in Josephine better anticipate their annual property tax obligations.
Average Josephine Tax Bill
$1,216
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Josephine, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15750 | $273 | $660 | $1,216 | $1,702 | $2,495 |
Source: Ownwell