Ellwood City, Pennsylvania Property Taxes
The median property tax rate in Ellwood City, PA is 5.20%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ellwood City at $38,800, the typical annual property tax bill reaches $1,989, which is below the national median of $2,690. Property taxes in Ellwood City are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ellwood City'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 Ellwood City or another part of Beaver County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ellwood City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.2%
Estimate Property Tax Bill
$2,018
Ownwell’s Ellwood City Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ellwood City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellwood City to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Beaver County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ellwood City, Pennsylvania
Property taxes in Ellwood City, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellwood City is 5.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ellwood City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellwood City 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 Ellwood City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16117 zip code has the highest median property tax rate of 5.20%, while the same zip code also has the lowest median tax rate of 5.20%. Understanding how these cities compare with Ellwood City provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellwood City Tax Rate
5.20%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellwood City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16117 | 1.30% | 5.20% | 5.20% | 5.38% | 5.38% |
Source: Ownwell
Property Tax Assessment Values Across Ellwood City, Pennsylvania
In Ellwood City, 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 such as location, property condition, and economic trends. This value is estimated by the Beaver 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 Ellwood City, 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 Ellwood City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1989, found in zip code 16117.
Average Ellwood City Assessed Value
$38,800
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellwood City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16117 | $18,000 | $27,000 | $38,800 | $59,350 | $79,060 |
Source: Ownwell
Property Tax Bills Across Ellwood City, Pennsylvania
In Ellwood City, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, its condition, and any improvements made. Homeowners in Ellwood City experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,199, while the 75th percentile reaches $3,085. At the 90th percentile, homeowners might see tax bills as high as $4,117. These figures indicate a significant variation in tax burdens, reflecting differences in property values and assessments within the area. Compared to the national median property tax rate of 0.99%, Ellwood City's tax bills can be relatively high, especially for more valuable properties. This impacts homeowners by potentially increasing their annual financial obligations, making it crucial for them to understand how their property is assessed and what exemptions they might qualify for to reduce their tax burden.
Average Ellwood City Tax Bill
$1,989
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellwood City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16117 | $374 | $1,199 | $1,989 | $3,085 | $4,117 |
Source: Ownwell