Port Royal, Pennsylvania Property Taxes
The median property tax rate in Port Royal, PA is 9.84%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Port Royal at $16,620, the typical annual property tax bill reaches $1,635, exceeding the national median of $2,690. Property taxes in Port Royal 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 Port Royal'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 Port Royal 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
Port Royal, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.84%
Estimate Property Tax Bill
$1,635
Ownwell’s PORT ROYAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORT ROYAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORT ROYAL 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 Port Royal, Pennsylvania
Property taxes in Port Royal, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Royal is 9.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within Port Royal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Royal 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 Port Royal's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17082 zip code has the highest median property tax rate of 9.84%, while the same zip code also has the lowest median tax rate of 9.84%. Understanding how these areas compare with Port Royal provides valuable insights into the varying tax landscape across Juniata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Royal Tax Rate
9.84%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Royal, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17082 | 9.49% | 9.67% | 9.84% | 9.84% | 10.54% |
Source: Ownwell
Property Tax Assessment Values Across Port Royal, Pennsylvania
In Port Royal, 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 Juniata 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 Port Royal, 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 Port Royal 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 $1,635 in the 17082 zip code, while the lowest median tax bill is also $1,635 in the same zip code.
Average Port Royal Assessed Value
$16,620
Average Juniata County Assessed Value
$17,920
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Royal, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17082 | $4,984 | $8,965 | $16,620 | $26,790 | $35,974 |
Source: Ownwell
Property Tax Bills Across Port Royal, Pennsylvania
In Port Royal, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Various factors such as the property's location, size, and condition are considered in this assessment. Once the assessed value is established, the tax rate set by local taxing authorities is applied to calculate the annual tax bill. For homeowners in Port Royal, the median home price is $16,620. The tax bills can vary significantly, with the 25th percentile at $887 and the 75th percentile at $2,649. The 90th percentile tax bill reaches up to $3,531. These figures show a range of what homeowners might expect to pay, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Port Royal may find their tax bills to be relatively manageable or burdensome, depending on their specific circumstances and assessed property values.
Average Port Royal Tax Bill
$1,635
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Royal, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17082 | $508 | $887 | $1,635 | $2,649 | $3,531 |
Source: Ownwell