Artemas, Pennsylvania Property Taxes
The median property tax rate in Artemas, PA, is 1.61%, notably higher than the national median of 0.99% but significantly lower than Pennsylvania's state median of 2.81%. With a median home value of $120,500 in Artemas, the typical annual property tax bill reaches $1,641, which is below the national median of $2,690. Property taxes in Artemas are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Artemas'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 Artemas or another part of Bedford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Artemas, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,940
Ownwell’s Artemas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Artemas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Artemas 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 Artemas, Pennsylvania
Property taxes in Artemas, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Artemas stands at 1.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Artemas set these rates annually, and they can vary across different neighborhoods. Each year, Artemas 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 Artemas' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17211 has both the highest and lowest median property tax rate of 1.61%, aligning with Artemas' rate. Understanding how these areas compare with Artemas provides valuable insights into the varying tax landscape across Bedford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Artemas Tax Rate
1.61%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Artemas, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17211 | 0.89% | 1.27% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Artemas, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Artemas, 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 Bedford 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 Artemas, 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. For example, the median home price in Artemas is $120,500, with tax bills ranging from $983 at the 25th percentile to $3,080 at the 90th percentile. The zip code 17211 has both the highest and lowest median tax bill, both valued at $1,641. 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 Artemas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Artemas Assessed Value
$120,500
Average Bedford County Assessed Value
$101,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Artemas, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17211 | $41,240 | $72,600 | $120,500 | $171,000 | $256,040 |
Source: Ownwell
Property Tax Bills Across Artemas, Pennsylvania
In Artemas, Bedford County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Artemas is $120,500, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $983, while the 75th percentile tax bill reaches up to $2,343. At the higher end, the 90th percentile tax bill can be as much as $3,080. These figures highlight the range of property tax burdens that homeowners may face, depending on the assessed value of their property. The local property tax rate in Bedford County is significantly higher than the national median property tax rate of 0.99%, emphasizing the importance of accurate property assessments for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Artemas Tax Bill
$1,641
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Artemas, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17211 | $593 | $983 | $1,641 | $2,343 | $3,080 |
Source: Ownwell