Riddlesburg, Pennsylvania Property Taxes
The median property tax rate in Riddlesburg, PA is 1.55%, which is considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $55,900 in Riddlesburg, the typical annual property tax bill reaches $865, significantly below the national median of $2,690. Property taxes in Riddlesburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Riddlesburg'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 Riddlesburg 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
Riddlesburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$866
Ownwell’s Riddlesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riddlesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riddlesburg 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 Riddlesburg, Pennsylvania
Property taxes in Riddlesburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riddlesburg is 1.55%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Riddlesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riddlesburg 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 Riddlesburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16672 zip code has both the highest and lowest median property tax rate of 1.55%. Understanding how these areas compare with Riddlesburg 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 Riddlesburg Tax Rate
1.55%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riddlesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16672 | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Riddlesburg, Pennsylvania
In Riddlesburg, 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 Assessor 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 Riddlesburg, 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 Riddlesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $865, both found in the zip code 16672.
Property Tax Assessment Values Across Riddlesburg, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average Riddlesburg Assessed Value
$55,900
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 Riddlesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16672 | $20,400 | $37,000 | $55,900 | $67,500 | $80,980 |
Source: Ownwell
Property Tax Bills Across Riddlesburg, Pennsylvania
In Riddlesburg, 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 property tax rate to determine the annual tax bill. Homeowners in Riddlesburg, located in Bedford County, PA, face varying tax bills depending on their property's assessed value and the specific tax rates applied. For instance, the median home price in Riddlesburg is $55,900. The property tax bill for the 25th percentile is $572, while the 75th percentile tax bill is $1,044, and the 90th percentile tax bill reaches $1,253. These figures show that property taxes can significantly impact homeowners' annual expenses. Notably, the highest and lowest median tax bills in the area are both $865, indicating a relatively uniform tax burden across different properties. Compared to the national median property tax rate of 0.99%, Riddlesburg's property tax rates and assessed values play a crucial role in determining the financial obligations of local homeowners, influencing their overall cost of living and property investment decisions.
Average Riddlesburg Tax Bill
$865
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Riddlesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16672 | $316 | $572 | $865 | $1,044 | $1,253 |
Source: Ownwell