Patton, Pennsylvania Property Taxes
The median property tax rate in Patton, PA is 11.95%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Patton, the typical annual property tax bill reaches $1,129, which exceeds the national median of $2,690. Property taxes in Patton 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 Patton'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 Patton 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
Patton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.95%
Estimate Property Tax Bill
$1,175
Ownwell’s Patton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Patton using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patton to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular data, further down the page you can explore trends at the neighborhood level. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Patton, Pennsylvania
Property taxes in Patton, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patton is 1.60%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Patton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patton 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 Patton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16668 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Patton 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 Patton Tax Rate
11.95%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Patton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16668 | 10.05% | 10.20% | 11.95% | 11.95% | 11.95% |
Source: Ownwell
Property Tax Assessment Values Across Patton, Pennsylvania
In Patton, 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 Patton, 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 Patton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16668 at $1129, while the zip code with the lowest median tax bill is also 16668 at $1129.
Average Patton Assessed Value
$9,830
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 Patton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16668 | $4,120 | $6,540 | $9,830 | $18,210 | $27,556 |
Source: Ownwell
Property Tax Bills Across Patton, Pennsylvania
In Patton, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $9,830, homeowners can expect a wide range in tax bills. At the 25th percentile, the tax bill is around $748, while at the 75th percentile, it rises to $1,977. For those at the 90th percentile, the tax bill can reach up to $2,891. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Homeowners in Patton, PA, should be aware that the local property tax rate can significantly impact their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners in budgeting and planning for their yearly financial obligations.
Average Patton Tax Bill
$1,129
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Patton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16668 | $450 | $748 | $1,129 | $1,977 | $2,891 |
Source: Ownwell