Templeton, Pennsylvania Property Taxes
The median property tax rate in Templeton, PA is 2.76%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Templeton, the typical annual property tax bill reaches $1,709, exceeding the national median of $2,690. Property taxes in Templeton 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 Templeton'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 Templeton 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
Templeton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$1,998
Ownwell’s Templeton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Templeton, Armstrong County. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Templeton to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, allowing for better financial planning. For those interested in more detailed information, scrolling down will reveal localized trends at the neighborhood level. Your property’s assessed value, determined by the county, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Templeton, Pennsylvania
Property taxes in Templeton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Templeton is 2.76%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Templeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Templeton 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 Templeton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16259 zip code has the highest median property tax rate of 2.76%, while the same zip code also has the lowest median tax rate of 2.76%. Understanding how these cities compare with Templeton 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 Templeton Tax Rate
2.76%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Templeton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16259 | 1.86% | 1.86% | 2.76% | 2.88% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across Templeton, Pennsylvania
In Templeton, 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 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 Templeton, 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. The median home price in Templeton is $72,376, with tax bills ranging from $1,092 at the 25th percentile to $4,487 at the 90th percentile. The highest median tax bill in the area is $1,709 in the 16259 zip code. 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 Templeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Templeton Assessed Value
$72,376
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 Templeton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16259 | $26,110 | $46,155 | $72,376 | $116,790 | $180,344 |
Source: Ownwell
Property Tax Bills Across Templeton, Pennsylvania
In Templeton, property tax bills are calculated based on the assessed value of a home. The county assessor determines this value, which may differ from the market value. Homeowners in Templeton can expect their property tax bills to fall within a wide range, reflecting the diversity in property values and tax rates. For instance, the 25th percentile tax bill is around $1,092, while the 75th percentile tax bill reaches approximately $2,860. At the 90th percentile, homeowners could see tax bills as high as $4,487. Several factors influence the final tax bill, including the assessed value of the property, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Templeton's rates can be seen as relatively moderate or high, depending on the specific property and its assessed value. These tax bills significantly impact homeowners, influencing their overall housing costs and potentially affecting their long-term financial planning.
Average Templeton Tax Bill
$1,709
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Templeton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16259 | $612 | $1,092 | $1,709 | $2,860 | $4,487 |
Source: Ownwell