Stoystown, Pennsylvania Property Taxes
The median property tax rate in Stoystown, PA is 2.79%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $51,400 in Stoystown, the typical annual property tax bill reaches $1,420, surpassing the national median of $2,690. Property taxes in Stoystown 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 Stoystown'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 Stoystown 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
Stoystown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$1,434
Ownwell’s Stoystown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoystown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoystown 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 Stoystown, Pennsylvania
Property taxes in Stoystown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoystown is 2.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Stoystown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoystown 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 Stoystown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15563 zip code has the highest median property tax rate of 2.79%, while the same zip code also has the lowest median tax rate of 2.79%. Understanding how these cities compare with Stoystown 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 Stoystown Tax Rate
2.79%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoystown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15563 | 2.67% | 2.69% | 2.79% | 3.00% | 3.24% |
Source: Ownwell
Property Tax Assessment Values Across Stoystown, Pennsylvania
In Stoystown, 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 Stoystown, 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 Stoystown is $51,400, with tax bills ranging from $943 at the 25th percentile to $4,025 at the 90th percentile. The highest and lowest median tax bills are both $1,420 in the zip code 15563. 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 Stoystown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stoystown Assessed Value
$51,400
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 Stoystown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15563 | $22,072 | $34,102 | $51,400 | $84,870 | $131,051 |
Source: Ownwell
Property Tax Bills Across Stoystown, Pennsylvania
In Stoystown, Somerset County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. In Stoystown, the median home price is $51,400, and property tax rates can vary significantly, leading to a wide range of tax bills. For instance, the 25th percentile of tax bills is $943, indicating that a quarter of homeowners pay less than this amount annually. On the other hand, the 75th percentile tax bill is $2,422, and the 90th percentile reaches up to $4,025. The highest median tax bill in the area is $1,420, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting homeowners' contributions to their community. Homeowners must consider these taxes as a significant part of their annual expenses, which can vary widely depending on the assessed value of their property and the local tax rate.
Average Stoystown Tax Bill
$1,420
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoystown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15563 | $622 | $943 | $1,420 | $2,422 | $4,025 |
Source: Ownwell