Schellsburg, Pennsylvania Property Taxes
The median property tax rate in Schellsburg, PA is 1.75%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Schellsburg, the typical annual property tax bill reaches $472, which is significantly below the national median of $2,690. Property taxes in Schellsburg are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Schellsburg'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 Schellsburg or another part of Somerset County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Schellsburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$472
Ownwell’s Schellsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schellsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schellsburg 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 Schellsburg, Pennsylvania
Property taxes in Schellsburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schellsburg is 1.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Schellsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schellsburg 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 Schellsburg's effective property tax rate to other areas in Somerset County and the national median. For comparison, the zip code 15559 has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these areas compare with Schellsburg 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 Schellsburg Tax Rate
1.75%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schellsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15559 | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Schellsburg, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Schellsburg, Pennsylvania. 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 local appraisal district 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 Schellsburg, 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 Schellsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $472, found in the 15559 zip code.
Property Tax Assessment Values Across Schellsburg, Pennsylvania
Source: Ownwell
$24,110
$76,755
$129,400
Average Schellsburg Assessed Value
$26,970
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 Schellsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15559 | $26,970 | $26,970 | $26,970 | $26,970 | $26,970 |
Source: Ownwell
Property Tax Bills Across Schellsburg, Pennsylvania
Property tax bills in Schellsburg, Somerset County, PA, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. In Schellsburg, the median home price is $26,970. The property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Schellsburg, the median property tax bill stands at $472, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property size, location, and any improvements made to the property can influence the assessed value, thereby affecting the tax bill. This relatively low property tax burden can be a financial relief for homeowners, allowing them to allocate more resources to other expenses or investments. However, it's essential for homeowners to stay informed about any changes in property tax rates or assessments to manage their finances effectively.
Average Schellsburg Tax Bill
$472
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Schellsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15559 | $472 | $472 | $472 | $472 | $472 |
Source: Ownwell