Grand Valley, Pennsylvania Property Taxes
The median property tax rate in Grand Valley, PA is 4.35%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Grand Valley, the typical annual property tax bill reaches $904, which is below the national median of $2,690. Property taxes in Grand Valley 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 Grand Valley'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 Grand Valley 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
Grand Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.35%
Estimate Property Tax Bill
$1,077
Ownwell’s Grand Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Valley 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 Grand Valley, Pennsylvania
Property taxes in Grand Valley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Valley is 4.35%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Grand Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Valley 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 Grand Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16420 zip code has both the highest and lowest median property tax rate of 4.35%. Understanding how these cities compare with Grand Valley provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Valley Tax Rate
4.35%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16420 | 2.61% | 3.37% | 4.35% | 4.45% | 4.45% |
Source: Ownwell
Property Tax Assessment Values Across Grand Valley, Pennsylvania
In Grand Valley, 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 Warren 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 Grand Valley, 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 Grand Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 16420 has the highest and lowest median tax bill value of $904.
Property Tax Assessment Values Across Grand Valley, Pennsylvania
Source: Ownwell
$14,537
$31,530
$48,523
Average Grand Valley Assessed Value
$24,750
Average Warren County Assessed Value
$33,691
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16420 | $8,021 | $14,501 | $24,750 | $38,046 | $53,835 |
Source: Ownwell
Property Tax Bills Across Grand Valley, Pennsylvania
In Grand Valley, property tax bills are calculated based on the assessed value of the property, which is determined by the Warren County tax assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Homeowners in Grand Valley can expect their property tax bills to vary significantly, with the 25th percentile at $539 and the 75th percentile reaching $1,366. For those in the 90th percentile, tax bills can climb as high as $1,952. The median home price in Grand Valley is $24,750, which plays a crucial role in determining the tax amount. Compared to the national median property tax rate of 0.99%, homeowners in Grand Valley may find their tax rates to be relatively manageable, though individual circumstances can vary. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Grand Valley Tax Bill
$904
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16420 | $326 | $539 | $904 | $1,366 | $1,952 |
Source: Ownwell