Emporium, Pennsylvania Property Taxes
The median property tax rate in Emporium, PA is 4.04%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $32,608 in Emporium, the typical annual property tax bill amounts to $1,376, surpassing the national median of $2,690. Property taxes in Emporium are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Emporium'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 Emporium 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
Emporium, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.04%
Estimate Property Tax Bill
$1,317
Ownwell’s Emporium Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emporium with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emporium 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 Emporium, Pennsylvania
Property taxes in Emporium, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emporium is 4.04%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Emporium set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emporium 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 Emporium's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15834 has the highest median property tax rate of 4.04%, while the same zip code also has the lowest median tax rate of 4.04%. Understanding how these cities compare with Emporium provides valuable insights into the varying tax landscape across Cameron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emporium Tax Rate
4.04%
Average Cameron County Tax Rate
4.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emporium, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15834 | 3.89% | 4.04% | 4.04% | 4.54% | 4.54% |
Source: Ownwell
Property Tax Assessment Values Across Emporium, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Emporium, Pennsylvania. 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 Cameron 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. Assessment notices in Emporium 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. The median home price in Emporium is $32,608, with property tax bills ranging from $913 at the 25th percentile to $2,460 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 15834, with a median tax bill of $1,376. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Emporium Assessed Value
$32,608
Average Cameron County Assessed Value
$27,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emporium, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15834 | $10,900 | $22,600 | $32,608 | $44,850 | $59,600 |
Source: Ownwell
Property Tax Bills Across Emporium, Pennsylvania
Property tax bills in Emporium, Cameron County, PA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value of the home. For example, with a median home price of $32,608, homeowners in Emporium can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include property location, home size, and any applicable exemptions. Homeowners in the 25th percentile typically see tax bills around $913, while those in the 75th percentile might pay approximately $1,876. For those in the 90th percentile, tax bills can reach up to $2,460. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly affecting homeowners' quality of life. Comparing this to the national median property tax rate of 0.99%, Emporium residents may find their rates relatively manageable, allowing for a balanced approach to homeownership costs.
Average Emporium Tax Bill
$1,376
Average Cameron County Tax Bill
$1,107
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Emporium, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15834 | $431 | $913 | $1,376 | $1,876 | $2,460 |
Source: Ownwell