Altoona, Pennsylvania Property Taxes
The median property tax rate in Altoona, 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 $92,600 in Altoona, the typical annual property tax bill reaches $1,373, falling below the national median of $2,690. Property taxes in Altoona 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 Altoona'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 Altoona or another part of Blair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Altoona, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$1,454
Ownwell’s Altoona Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Altoona with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Altoona to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, more localized information is available below. Your property’s assessed value, determined by Blair County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Altoona, Pennsylvania
Property taxes in Altoona, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Altoona is 1.57%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Altoona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Altoona 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 Altoona's effective property tax rate to other areas in Blair County and the national median. For comparison, the zip code 16602 has the highest median property tax rate of 1.57%, while zip code 16601 also has the lowest median tax rate of 1.57%. Understanding how these areas compare with Altoona provides valuable insights into the varying tax landscape across Blair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Altoona Tax Rate
1.57%
Average Blair County Tax Rate
1.57%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Altoona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16601 | 1.24% | 1.43% | 1.57% | 1.57% | 1.57% |
| 16602 | 1.24% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Altoona, Pennsylvania
In Altoona, 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 Blair 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 Altoona, 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 Altoona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 16601 has the highest median tax bill at $1,413, while zip code 16602 has the lowest at $1,316.
Average Altoona Assessed Value
$92,600
Average Blair County Assessed Value
$113,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Altoona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16601 | $46,800 | $66,400 | $94,700 | $138,925 | $192,100 |
| 16602 | $37,400 | $50,800 | $89,300 | $135,700 | $181,800 |
Source: Ownwell
Property Tax Bills Across Altoona, Pennsylvania
In Altoona, Blair County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and is a percentage of the property's market value. The median home price in Altoona is $92,600. Property tax rates are then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates, property assessments, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Altoona is $890, while the 75th percentile reaches $1,991, and the 90th percentile can go up to $2,648. The highest median tax bill in the area is $1,413, found in the 16601 zip code, while the lowest is $1,316 in the 16602 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, homeowners in Altoona need to budget for these taxes, which can vary significantly depending on the assessed value of their property and the specific tax rates applied.
Average Altoona Tax Bill
$1,373
Average Blair County Tax Bill
$1,685
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Altoona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16601 | $716 | $1,012 | $1,413 | $1,962 | $2,625 |
| 16602 | $581 | $786 | $1,316 | $2,022 | $2,670 |
Source: Ownwell