Manns Choice, Pennsylvania Property Taxes
The median property tax rate in Manns Choice, PA is 2.10%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Manns Choice at $73,005, the typical annual property tax bill reaches $1,498, exceeding the national median of $2,690. Property taxes in Manns Choice 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 Manns Choice'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 Manns Choice 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
Manns Choice, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$1,533
Ownwell’s Manns Choice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manns Choice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manns Choice 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 Somerset County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Manns Choice, Pennsylvania
Property taxes in Manns Choice, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manns Choice is 2.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Manns Choice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manns Choice 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 Manns Choice's effective property tax rate to other areas and the national median. For comparison, the zip code 15550 has both the highest and lowest median property tax rate of 2.10%. Understanding how these areas compare with Manns Choice provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manns Choice Tax Rate
2.10%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manns Choice, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15550 | 1.82% | 1.92% | 2.10% | 2.27% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Manns Choice, Pennsylvania
In Manns Choice, 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 Somerset 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 Manns Choice, 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 Manns Choice 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 $1498, found in the zip code 15550.
Property Tax Assessment Values Across Manns Choice, Pennsylvania
Source: Ownwell
$24,110
$76,755
$129,400
Average Manns Choice Assessed Value
$73,005
Average Somerset County Assessed Value
$50,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manns Choice, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15550 | $65,513 | $68,322 | $73,005 | $77,688 | $80,497 |
Source: Ownwell
Property Tax Bills Across Manns Choice, Pennsylvania
In Manns Choice, located in Somerset County, PA, property tax bills are determined by assessing the value of a home and applying the local tax rate to that value. The median home price in Manns Choice is $73,005. Property taxes are calculated by multiplying the assessed value of the property by the tax rate set by local authorities. For example, the median tax bill in the area is $1,498, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, which may differ from its market value. The tax bill can also vary based on the specific tax rate applied in different parts of the county. For instance, the tax bills range from $1,470 at the 25th percentile to $1,544 at the 90th percentile. Homeowners in Manns Choice should be aware that these property taxes can significantly impact their annual expenses, making it crucial to understand how these taxes are calculated and what factors might lead to changes in their tax bills.
Average Manns Choice Tax Bill
$1,498
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Manns Choice, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15550 | $1,453 | $1,470 | $1,498 | $1,527 | $1,544 |
Source: Ownwell