Grove City, Pennsylvania Property Taxes
The median property tax rate in Grove City, PA is 2.56%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $93,800 in Grove City, the typical annual property tax bill reaches $2,526, which is slightly below the national median of $2,690. Property taxes in Grove City are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grove City'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 Grove City 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
Grove City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.56%
Estimate Property Tax Bill
$2,401
Ownwell’s Grove City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grove City easily. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Grove City to provide an accurate estimate of your property tax bill. This handy tool offers valuable insights into your potential tax liabilities, helping you plan and budget effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county, factoring in any applicable exemptions, to ensure precise property tax calculations.
Property Tax Rates Across Grove City, Pennsylvania
Property taxes in Grove City, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grove City is 1.49%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Grove City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grove City 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 Grove City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16127 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Grove City provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grove City Tax Rate
2.56%
Average Lawrence County Tax Rate
2.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grove City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16127 | 2.56% | 2.56% | 2.56% | 2.56% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Grove City, Pennsylvania
In Grove City, 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 Lawrence 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 Grove City, 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. For instance, the highest median tax bill in Grove City is $2,526 in the 16127 zip code, while the lowest median tax bill is also $2,526 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grove City Assessed Value
$93,800
Average Lawrence County Assessed Value
$65,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grove City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16127 | $68,500 | $79,200 | $93,800 | $115,600 | $156,800 |
Source: Ownwell
Property Tax Bills Across Grove City, Pennsylvania
In Grove City, located in Lawrence County, PA, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Grove City experience varying tax bills depending on their home's value. For instance, the tax bill for the 25th percentile stands at $2,114, while the 75th percentile reaches $2,972. Those at the 90th percentile can expect a tax bill of $4,130. The median home price in Grove City is $93,800, and the local median tax bill is $2,526, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential community services such as schools, infrastructure, and public safety. Higher property taxes can impact homeowners by increasing their annual housing costs, but they also contribute to the overall quality of life in the community.
Average Grove City Tax Bill
$2,526
Average Lawrence County Tax Bill
$2,023
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Grove City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16127 | $1,953 | $2,114 | $2,526 | $2,972 | $4,130 |
Source: Ownwell