Schellsburg, Pennsylvania Property Taxes
The median property tax rate in Schellsburg, PA is 1.35%, which is 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 $103,200 in Schellsburg, the typical annual property tax bill is $1,285, falling below the national median of $2,690. Property taxes in Schellsburg are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Schellsburg'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 Schellsburg 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
Schellsburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,393
Ownwell’s Schellsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schellsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schellsburg 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 Schellsburg, Pennsylvania
Property taxes in Schellsburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schellsburg is 1.35%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Schellsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schellsburg 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 Schellsburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15559 has the highest median property tax rate of 1.35%, while the lowest median tax rate in the same zip code is also 1.35%. Understanding how these areas compare with Schellsburg 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 Schellsburg Tax Rate
1.35%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schellsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15559 | 1.04% | 1.31% | 1.35% | 1.35% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Schellsburg, Pennsylvania
In Schellsburg, 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 Schellsburg, 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 Schellsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $103,200, with tax bills ranging from $550 at the 25th percentile to $2,722 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 15559, with a median tax bill of $1,285.
Property Tax Assessment Values Across Schellsburg, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average Schellsburg Assessed Value
$103,200
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 Schellsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15559 | $5,720 | $42,800 | $103,200 | $160,400 | $228,800 |
Source: Ownwell
Property Tax Bills Across Schellsburg, Pennsylvania
In Schellsburg, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. For homeowners in Schellsburg, Bedford County, the median home price stands at $103,200. The property tax rate in this area influences the final tax bill, which can vary significantly. Homeowners in Schellsburg experience a range of property tax bills. The 25th percentile tax bill is approximately $550, while the 75th percentile reaches up to $2,001. At the 90th percentile, homeowners may see tax bills as high as $2,722. The median property tax bill in the area is noted to be $1,285, which is relatively higher when compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Therefore, understanding how property taxes are calculated and their effects on homeowners is crucial for financial planning and community development in Schellsburg.
Average Schellsburg Tax Bill
$1,285
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Schellsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15559 | $74 | $550 | $1,285 | $2,001 | $2,722 |
Source: Ownwell