Allensville, Pennsylvania Property Taxes
The median property tax rate in Allensville, PA is 2.89%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Allensville at $77,600, the typical annual property tax bill reaches $2,242, which, while below the national median of $2,690, is still substantial given the area's home values. Property taxes in Allensville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Allensville'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 Allensville 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
Allensville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$2,243
Ownwell’s Allensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allensville 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 Allensville, Pennsylvania
Property taxes in Allensville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allensville is 2.89%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Allensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allensville 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 Allensville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17002 zip code has the highest median property tax rate of 2.89%, while the same zip code also has the lowest median tax rate of 2.89%. Understanding how these cities compare with Allensville provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allensville Tax Rate
2.89%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allensville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17002 | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Allensville, Pennsylvania
In Allensville, 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 Mifflin 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 Allensville, 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. The median home price in Allensville is $77,600. The property tax bill for the 25th percentile is $1,575, and for the 75th percentile, it is $3,059, while the 90th percentile sees a tax bill of $4,236. The zip code with the highest and lowest median tax bill is 17002, with a median tax bill of $2,242. By understanding 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 Allensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Allensville, Pennsylvania
Source: Ownwell
$40,900
$86,800
$132,700
Average Allensville Assessed Value
$77,600
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allensville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17002 | $39,580 | $54,500 | $77,600 | $105,850 | $146,580 |
Source: Ownwell
Property Tax Bills Across Allensville, Pennsylvania
In Allensville, property tax bills are determined by assessing the market value of a home and applying the local tax rate. For homeowners, this means the assessed value of their property is multiplied by the county's tax rate to calculate their annual tax bill. Several factors influence this calculation, including the home's market value, location, and any applicable exemptions or deductions. Homeowners in Allensville, located in Mifflin County, experience a range of property tax bills. The 25th percentile tax bill stands at $1,575, while the 75th percentile reaches $3,059, and the 90th percentile climbs to $4,236. These figures highlight the variability in tax obligations based on property values and other contributing factors. With a median home price of $77,600, property taxes in Allensville can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, understanding how local assessments and rates apply is crucial for homeowners looking to manage their expenses effectively.
Average Allensville Tax Bill
$2,242
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Allensville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17002 | $1,144 | $1,575 | $2,242 | $3,059 | $4,236 |
Source: Ownwell