Roscoe, Pennsylvania Property Taxes
The median property tax rate in Roscoe, PA is 1.73%, which is notably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value in Roscoe of $61,500, the typical annual property tax bill is $1,069, falling below the national median of $2,690. Property taxes in Roscoe are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Roscoe'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 Roscoe or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roscoe, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,064
Ownwell’s Roscoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roscoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roscoe 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 Roscoe, Pennsylvania
Property taxes in Roscoe, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roscoe is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Roscoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roscoe 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 Roscoe's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15477 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these areas compare with Roscoe 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 Roscoe Tax Rate
1.73%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roscoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15477 | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Roscoe, Pennsylvania
In Roscoe, 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 county 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 Roscoe, 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 Roscoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 15477 has the highest median tax bill of $1069, while the lowest median tax bill is also in the same zip code at $1069.
Average Roscoe Assessed Value
$61,500
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 Roscoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15477 | $30,200 | $47,100 | $61,500 | $79,850 | $114,120 |
Source: Ownwell
Property Tax Bills Across Roscoe, Pennsylvania
In Roscoe, Washington County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Roscoe is $61,500. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies by jurisdiction. For example, homeowners in the 25th percentile of tax bills pay around $821 annually, while those in the 75th percentile pay approximately $1,387. At the 90th percentile, the tax bill can reach up to $2,039. These taxes fund essential public services, including schools, roads, and emergency services. Homeowners in Roscoe should be aware that the local tax rate can significantly impact their annual property tax bill, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better plan for their financial obligations and potentially seek exemptions or appeals to lower their tax burden.
Average Roscoe Tax Bill
$1,069
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Roscoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15477 | $521 | $821 | $1,069 | $1,387 | $2,039 |
Source: Ownwell