Six Mile Run, Pennsylvania Property Taxes
The median property tax rate in Six Mile Run, PA is 1.55%, considerably higher than the national median of 0.99%, but lower than Pennsylvania's state median of 2.81%. With the median home value in Six Mile Run at $53,350, the typical annual property tax bill reaches $816, which is below the national median of $2,690. Property taxes in Six Mile Run 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 Six Mile Run'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 Six Mile Run 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
Six Mile Run, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$827
Ownwell’s Six Mile Run Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Six Mile Run with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Six Mile Run to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in observing trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Bedford County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Six Mile Run, Pennsylvania
Property taxes in Six Mile Run, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Six Mile Run is 1.31%, which is significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Six Mile Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Six Mile Run 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 Six Mile Run's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16679 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these areas compare with Six Mile Run 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 Six Mile Run 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 Six Mile Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16679 | 1.55% | 1.55% | 1.55% | 1.55% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Six Mile Run, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Six Mile Run, PA. 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 Six Mile Run, 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. The median home price in Six Mile Run stands at $53,350, with tax bills ranging from $564 at the 25th percentile to $1,818 at the 90th percentile. The highest and lowest median tax bills both occur in zip code 16679, with a value of $816. 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 Six Mile Run, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average Six Mile Run Assessed Value
$53,350
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 Six Mile Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16679 | $20,170 | $36,725 | $53,350 | $84,300 | $122,450 |
Source: Ownwell
Property Tax Bills Across Six Mile Run, Pennsylvania
In Six Mile Run, Bedford County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Six Mile Run experience a range of property tax bills, with the 25th percentile paying around $564 annually, while those in the 75th percentile see bills closer to $1,224. The highest median tax bill in the area is $816, corresponding to the zip code 16679. Several factors influence the property tax bill, including the property’s assessed value, local tax rates, and any applicable exemptions or deductions. This tax burden can significantly impact homeowners, especially those on fixed incomes or with limited financial flexibility. Compared to the national median property tax rate of 0.99%, the property taxes in Six Mile Run can be a considerable expense, affecting the overall cost of homeownership and potentially influencing decisions on property investments and long-term residency.
Average Six Mile Run Tax Bill
$816
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Six Mile Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16679 | $313 | $564 | $816 | $1,224 | $1,818 |
Source: Ownwell