Coalport, Pennsylvania Property Taxes
The median property tax rate in Coalport, PA is 10.54%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Coalport at $15,930, the typical annual property tax bill amounts to $1,679, which is below the national median of $2,690. Property taxes in Coalport are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Coalport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Coalport or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coalport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
10.54%
Estimate Property Tax Bill
$1,679
Ownwell’s Coalport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coalport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coalport 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 Coalport, Pennsylvania
Property taxes in Coalport, Pennsylvania, play an essential role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Coalport is 10.54%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Coalport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coalport 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 Coalport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16627 zip code has the highest median property tax rate of 10.54%, while the same zip code also has the lowest median tax rate of 10.54%. Understanding how these cities compare with Coalport provides valuable insights into the varying tax landscape across Cambria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coalport Tax Rate
10.54%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coalport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16627 | 10.54% | 10.54% | 10.54% | 10.54% | 10.54% |
Source: Ownwell
Property Tax Assessment Values Across Coalport, Pennsylvania
In Coalport, 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 Cambria 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 Coalport, 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 Coalport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Coalport is $15,930, with the 25th percentile tax bill being $773 and the 75th percentile tax bill at $2,427. The highest and lowest median tax bill in the area is $1,679 in zip code 16627.
Average Coalport Assessed Value
$15,930
Average Cambria County Assessed Value
$12,040
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coalport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16627 | $2,216 | $7,338 | $15,930 | $23,030 | $27,192 |
Source: Ownwell
Property Tax Bills Across Coalport, Pennsylvania
In Coalport, located in Cambria County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county and typically reflects a percentage of the property's market value. Several factors influence this assessed value, including the property's location, size, and condition. Homeowners in Coalport can see a wide range of property tax bills. For instance, the 25th percentile tax bill is around $773, while the 75th percentile tax bill is approximately $2,427. At the higher end, the 90th percentile tax bill reaches up to $2,866. These figures show significant variability, which can impact homeowners' budgets and financial planning. Comparatively, the national median property tax rate is 0.99%, and Coalport's rates can be higher or lower depending on the specific property's assessed value and the local tax rate. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Coalport Tax Bill
$1,679
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coalport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16627 | $234 | $773 | $1,679 | $2,427 | $2,866 |
Source: Ownwell