Elrama, Pennsylvania Property Taxes
The median property tax rate in Elrama, PA is 1.88%, considerably higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With the median home value in Elrama at $68,600, the typical annual property tax bill amounts to $1,289, which is below the national median of $2,690. Property taxes in Elrama 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 Elrama'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 Elrama or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elrama, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,290
Ownwell’s ELRAMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ELRAMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ELRAMA 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 Elrama, Pennsylvania
Property taxes in Elrama, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elrama is 1.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Elrama set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elrama 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 Elrama's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15038 has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these areas compare with Elrama provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elrama Tax Rate
1.88%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elrama, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15038 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Elrama, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Elrama, 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 Washington 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 Elrama, 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 instance, the highest median tax bill in Elrama is $1,289 in zip code 15038. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elrama Assessed Value
$68,600
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elrama, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15038 | $42,990 | $59,150 | $68,600 | $80,775 | $106,500 |
Source: Ownwell
Property Tax Bills Across Elrama, Pennsylvania
In Elrama, Washington County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessment considers various factors such as the property's market value, condition, and location. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $68,600, homeowners can expect their tax bills to range between $1,111 at the 25th percentile and $1,517 at the 75th percentile. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Homeowners in Elrama should be aware that their tax bills can significantly impact their annual budget, especially when compared to the national median property tax rate of 0.99%. With the highest median tax bill in the area being $1,289, it is essential for property owners to stay informed and consider potential exemptions or appeals to manage their tax obligations effectively.
Average Elrama Tax Bill
$1,289
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elrama, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15038 | $808 | $1,111 | $1,289 | $1,517 | $2,001 |
Source: Ownwell