Marchand, Pennsylvania Property Taxes
The median property tax rate in Marchand, PA is 1.39%, considerably higher than the national median of 0.99%, yet significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $77,000 in Marchand, the typical annual property tax bill reaches $1,068, which is below the national median of $2,690. Property taxes in Marchand are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Marchand'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 Marchand 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
Marchand, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,070
Ownwell’s Marchand Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Marchand with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Marchand to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available further down the page. Your property’s assessed value is the value determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Marchand, Pennsylvania
Property taxes in Marchand, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marchand is 1.39%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Marchand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marchand 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 Marchand's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15758 zip code has the highest median property tax rate of 1.39%, while the same 15758 zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Marchand 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 Marchand Tax Rate
1.39%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marchand, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15758 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Marchand, Pennsylvania
In Marchand, 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 Marchand, 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 Marchand stands at $77,000, with tax bills ranging from $940 at the 25th percentile to $1,642 at the 90th percentile. The zip code with the highest median tax bill is 15758, amounting to $1,068, while the lowest is also 15758 at $1,068. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marchand Assessed Value
$77,000
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 Marchand, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15758 | $49,900 | $67,750 | $77,000 | $103,950 | $118,300 |
Source: Ownwell
Property Tax Bills Across Marchand, Pennsylvania
Property tax bills in Marchand, Indiana County, PA, are determined by assessing the market value of a property and applying the local tax rate to this value. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local authorities. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the overall tax bill. For homeowners in Marchand, the median home price is $77,000. Property tax bills can vary significantly, with the 25th percentile tax bill at $940 and the 75th percentile reaching $1,442. At the 90th percentile, tax bills can go up to $1,642. These figures highlight the range of property tax burdens homeowners might face, depending on their property's assessed value and specific characteristics. Compared to the national median property tax rate of 0.99%, homeowners in Marchand may find their tax bills to be relatively moderate, though individual circumstances can lead to higher or lower amounts.
Average Marchand Tax Bill
$1,068
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Marchand, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15758 | $692 | $940 | $1,068 | $1,442 | $1,642 |
Source: Ownwell