Fishertown, Pennsylvania Property Taxes
The median property tax rate in Fishertown, PA is 1.33%, higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Fishertown at $76,650, the typical annual property tax bill reaches $1,022, which is below the national median of $2,690. Property taxes in Fishertown are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Fishertown'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 Fishertown 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
Fishertown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,019
Ownwell’s FISHERTOWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FISHERTOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FISHERTOWN 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 Fishertown, Pennsylvania
Property taxes in Fishertown, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fishertown stands at 1.33%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Fishertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishertown 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 Fishertown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15539 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Fishertown 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 Fishertown Tax Rate
1.33%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fishertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15539 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Fishertown, Pennsylvania
In Fishertown, 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 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 Fishertown, 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 Fishertown is $76,650, with tax bills ranging from $427 at the 25th percentile to $1,867 at the 90th percentile. The highest median tax bill in the area is $1,022, found in zip code 15539. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Fishertown, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average Fishertown Assessed Value
$76,650
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 Fishertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15539 | $7,270 | $32,050 | $76,650 | $108,975 | $141,290 |
Source: Ownwell
Property Tax Bills Across Fishertown, Pennsylvania
In Fishertown, located in Bedford County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by local assessors. Homeowners in Fishertown experience varying tax bills depending on the value of their property. For instance, the median home price in Fishertown is $76,650. Homeowners in the 25th percentile of property tax bills pay around $427 annually, while those in the 75th percentile see bills close to $1,434. At the 90th percentile, property tax bills can rise to approximately $1,867. These figures illustrate how property taxes can significantly impact homeowners, depending on the value of their property. The highest and lowest median tax bills in the area both stand at $1,022, indicating some consistency within specific zip codes. Compared to the national median property tax rate of 0.99%, Fishertown's rates reflect the local economic conditions and property values.
Average Fishertown Tax Bill
$1,022
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fishertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15539 | $97 | $427 | $1,022 | $1,434 | $1,867 |
Source: Ownwell