Elderton, Pennsylvania Property Taxes
The median property tax rate in Elderton, PA is 3.09%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $82,280 in Elderton, the typical annual property tax bill reaches $2,479, which is just below the national median of $2,690. Property taxes in Elderton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Elderton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Elderton or another part of Armstrong County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elderton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.09%
Estimate Property Tax Bill
$2,542
Ownwell’s Elderton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elderton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elderton 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 Elderton, Pennsylvania
Property taxes in Elderton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elderton is 3.09%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Elderton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elderton 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 Elderton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15736 zip code has the highest median property tax rate of 3.09%, while the same zip code also has the lowest median tax rate of 3.09%. Understanding how these cities compare with Elderton provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elderton Tax Rate
3.09%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elderton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15736 | 2.78% | 2.78% | 3.09% | 3.09% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Elderton, Pennsylvania
In Elderton, 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 Armstrong 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 Elderton, 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 Elderton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,479 in the 15736 zip code, which can be a useful benchmark for property owners in the area.
Average Elderton Assessed Value
$82,280
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elderton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15736 | $33,250 | $58,000 | $82,280 | $124,630 | $178,990 |
Source: Ownwell
Property Tax Bills Across Elderton, Pennsylvania
In Elderton, Armstrong County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Elderton, this means that the value assigned to their property by the assessor plays a crucial role in determining their tax obligations. For example, with a median home price of $82,280, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $1,767, while those in the 75th percentile see bills around $3,733. At the 90th percentile, tax bills can reach up to $5,226. These figures highlight the range of property tax burdens based on home values and assessment accuracy. Comparatively, the national median property tax rate is 0.99%, and Elderton's tax rates can be higher, significantly impacting homeowners' annual expenses. Accurate property assessments and understanding local tax rates are essential for managing these costs effectively.
Average Elderton Tax Bill
$2,479
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elderton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15736 | $970 | $1,767 | $2,479 | $3,733 | $5,226 |
Source: Ownwell