Hazel Hurst, Pennsylvania Property Taxes
The median property tax rate in Hazel Hurst, PA is 3.67%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hazel Hurst, the typical annual property tax bill reaches $459, significantly lower than the national median of $2,690. Property taxes in Hazel Hurst 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 Hazel Hurst'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 Hazel Hurst 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
Hazel Hurst, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.67%
Estimate Property Tax Bill
$480
Ownwell’s Hazel Hurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazel Hurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazel Hurst 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 Hazel Hurst, Pennsylvania
Property taxes in Hazel Hurst, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazel Hurst is 3.67%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hazel Hurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazel Hurst 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 Hazel Hurst's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16733 zip code has the highest median property tax rate of 3.67%, while the 16733 zip code also has the lowest median tax rate of 3.67%. Understanding how these cities compare with Hazel Hurst provides valuable insights into the varying tax landscape across McKean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazel Hurst Tax Rate
3.67%
Average Mckean County Tax Rate
3.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazel Hurst, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16733 | 3.54% | 3.67% | 3.67% | 3.67% | 3.67% |
Source: Ownwell
Property Tax Assessment Values Across Hazel Hurst, Pennsylvania
In Hazel Hurst, 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 McKean 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 Hazel Hurst, 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 Hazel Hurst is $13,080, with tax bills ranging from $306 at the 25th percentile to $1,680 at the 90th percentile. The zip code 16733 has the highest and lowest median tax bill at $459. 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 Hazel Hurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hazel Hurst Assessed Value
$13,080
Average Mckean County Assessed Value
$23,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hazel Hurst, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16733 | $5,334 | $9,000 | $13,080 | $24,670 | $45,724 |
Source: Ownwell
Property Tax Bills Across Hazel Hurst, Pennsylvania
In Hazel Hurst, located in McKean County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Hazel Hurst is $13,080, which is significantly lower than the national median. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile pay around $306 annually, while those in the 75th percentile pay approximately $894. At the 90th percentile, the tax bill can reach up to $1,680. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. This system ensures that each homeowner contributes a fair share based on their property's value. The highest and lowest median tax bills in the area are both $459, indicating some consistency in property tax assessments within specific zip codes. Understanding how these factors interplay can help homeowners better anticipate their financial obligations.
Average Hazel Hurst Tax Bill
$459
Average Mckean County Tax Bill
$784
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazel Hurst, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16733 | $165 | $306 | $459 | $894 | $1,680 |
Source: Ownwell