Nanty Glo, Pennsylvania Property Taxes
The median property tax rate in Nanty Glo, PA is 10.34%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Nanty Glo at $9,000, the typical annual property tax bill reaches $910, which is below the national median of $2,690. Property taxes in Nanty Glo 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 Nanty Glo'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 Nanty Glo or another part of Cambria County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nanty Glo, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
10.34%
Estimate Property Tax Bill
$931
Ownwell’s Nanty Glo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nanty Glo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nanty Glo 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 Nanty Glo, Pennsylvania
Property taxes in Nanty Glo, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nanty Glo is 10.34%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Nanty Glo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nanty Glo 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 Nanty Glo's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15943 has both the highest and the lowest median property tax rate of 10.34%. Understanding how these cities compare with Nanty Glo 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 Nanty Glo Tax Rate
10.34%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nanty Glo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15943 | 8.70% | 9.23% | 10.34% | 10.34% | 10.34% |
Source: Ownwell
Property Tax Assessment Values Across Nanty Glo, Pennsylvania
In Nanty Glo, Pennsylvania, understanding the difference between "market value" and "assessed value" is essential 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 Nanty Glo, 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 Nanty Glo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $910.00 in zip code 15943.
Average Nanty Glo Assessed Value
$9,000
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 Nanty Glo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15943 | $3,820 | $6,500 | $9,000 | $13,255 | $21,390 |
Source: Ownwell
Property Tax Bills Across Nanty Glo, Pennsylvania
In Nanty Glo, Cambria County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Nanty Glo is $9,000, which is significantly lower than national averages, reflecting the local market conditions. Homeowners in Nanty Glo can expect to pay property taxes that range widely. For example, the tax bill at the 25th percentile is $649, while at the 75th percentile, it is $1,308, and at the 90th percentile, it reaches $2,133. These figures illustrate the variability in tax bills depending on property characteristics and assessed values. The median tax bill in the area’s highest and lowest zip codes is $910. This variability in tax bills can significantly impact homeowners, affecting their annual budgeting and long-term financial planning.
Average Nanty Glo Tax Bill
$910
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nanty Glo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15943 | $379 | $649 | $910 | $1,308 | $2,133 |
Source: Ownwell