Youngsville, Pennsylvania Property Taxes
The median property tax rate in Youngsville, PA is 3.72%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $37,444 in Youngsville, the typical annual property tax bill reaches $1,384, surpassing the national median of $2,690. Property taxes in Youngsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Youngsville'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 Youngsville 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
Youngsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.72%
Estimate Property Tax Bill
$1,393
Ownwell’s Youngsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngsville 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 Youngsville, Pennsylvania
Property taxes in Youngsville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngsville is 3.72%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Youngsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngsville 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 Youngsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16371 zip code has the highest median property tax rate of 3.72%, while the same zip code also has the lowest median tax rate of 3.72%. Understanding how these cities compare with Youngsville 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 Youngsville Tax Rate
3.72%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16371 | 2.93% | 3.32% | 3.72% | 4.17% | 4.33% |
Source: Ownwell
Property Tax Assessment Values Across Youngsville, Pennsylvania
In Youngsville, 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 Youngsville, 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. For example, the median home price in Youngsville is $37,444, with tax bills ranging from $935 at the 25th percentile to $2,635 at the 90th percentile. The zip code 16371 has the highest and lowest median tax bill of $1,384. Being aware of these valuation processes in Youngsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Youngsville Assessed Value
$37,444
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 Youngsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16371 | $16,023 | $27,240 | $37,444 | $51,031 | $69,032 |
Source: Ownwell
Property Tax Bills Across Youngsville, Pennsylvania
In Youngsville, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Warren County assessment office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Youngsville is $37,444, and with a tax rate of 0.99%, the median property tax bill is approximately $370. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Youngsville can expect tax bills to vary significantly. The 25th percentile tax bill is about $935, while the 75th percentile reaches $1,886, and the 90th percentile can go up to $2,635. This variability means that while some homeowners may find their tax bills manageable, others might face higher financial obligations. Understanding these factors is crucial for homeowners to anticipate their property tax responsibilities and plan their finances accordingly.
Average Youngsville Tax Bill
$1,384
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16371 | $504 | $935 | $1,384 | $1,886 | $2,635 |
Source: Ownwell