Penns Creek, Pennsylvania Property Taxes
The median property tax rate in Penns Creek, PA is 2.80%, slightly below the Pennsylvania state median of 2.81% but significantly higher than the national median of 0.99%. Given the median home value in Penns Creek, the typical annual property tax bill amounts to $623, which is well below the national median of $2,690. Property taxes in Penns Creek are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Penns Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Penns Creek or another part of Snyder County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Penns Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$626
-$6,561
Ownwell’s PENNS CREEK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PENNS CREEK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PENNS CREEK 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 Penns Creek, Pennsylvania
Property taxes in PENNS CREEK, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in PENNS CREEK is 2.80%, significantly higher than the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within PENNS CREEK set these rates annually, and they can vary significantly across different neighborhoods. Each year, PENNS CREEK 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 PENNS CREEK's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17862 has the highest median property tax rate of 2.80%, while the same zip code also has the lowest median tax rate of 2.80%. Understanding how these cities compare with PENNS CREEK provides valuable insights into the varying tax landscape across Snyder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Penns Creek Tax Rate
2.80%
Average Snyder County Tax Rate
2.51%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Penns Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17862 | 2.79% | 2.80% | 2.80% | 2.87% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Penns Creek, Pennsylvania
In PENNS CREEK, 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 Snyder 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 PENNS CREEK, 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 PENNS CREEK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $623.00, found in zip code 17862.
Average Penns Creek Assessed Value
$22,360
Average Snyder County Assessed Value
$20,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Penns Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17862 | $12,816 | $16,395 | $22,360 | $24,545 | $25,856 |
Source: Ownwell
Property Tax Bills Across Penns Creek, Pennsylvania
In Penns Creek, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by county assessors. Homeowners in Penns Creek, located in Snyder County, experience property tax bills that vary significantly. The tax bill at the 25th percentile is $465, while at the 75th percentile, it rises to $687. The 90th percentile sees a tax bill of $725. The median home price in Penns Creek is $22,360, which is significantly lower than the national median. This lower home value contributes to the relatively modest property tax bills in the area. However, even within this small community, there can be a noticeable range in tax bills, reflecting differences in property values and tax rates. For homeowners, understanding these factors is crucial for financial planning and managing yearly expenses.
Average Penns Creek Tax Bill
$623
Average Snyder County Tax Bill
$582
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Penns Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17862 | $370 | $465 | $623 | $687 | $725 |
Source: Ownwell