Saxton, Pennsylvania Property Taxes
The median property tax rate in Saxton, PA is 1.57%, 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 $74,800 in Saxton, the typical annual property tax bill amounts to $1,237, falling below the national median of $2,690. Property taxes in Saxton 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 Saxton'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 Saxton 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
Saxton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$1,174
Ownwell’s Saxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saxton 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 Saxton, Pennsylvania
Property taxes in Saxton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saxton is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saxton 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 Saxton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16678 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Saxton 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 Saxton Tax Rate
1.57%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saxton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16678 | 1.57% | 1.57% | 1.57% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Saxton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saxton, 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 Saxton, 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 Saxton is $74,800, with the 25th percentile tax bill at $727 and the 75th percentile tax bill at $1,866. The highest median tax bill in the area is $1,237, found in zip code 16678. 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.
Average Saxton Assessed Value
$74,800
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 Saxton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16678 | $23,150 | $44,075 | $74,800 | $112,450 | $159,500 |
Source: Ownwell
Property Tax Bills Across Saxton, Pennsylvania
In Saxton, Bedford County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions play a significant role in this calculation. For homeowners in Saxton, the median home price is $74,800, with tax bills ranging from $727 at the 25th percentile to $2,443 at the 90th percentile. The median tax bill in this area is $1,237, aligning with the highest and lowest median tax bills in the region. Compared to the national median property tax rate of 0.99%, Saxton homeowners may experience varying impacts on their finances based on their property's assessed value and the applicable tax rate. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their budgets accordingly.
Average Saxton Tax Bill
$1,237
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Saxton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16678 | $369 | $727 | $1,237 | $1,866 | $2,443 |
Source: Ownwell