Boalsburg, Pennsylvania Property Taxes
The median property tax rate in Boalsburg, PA is 3.04%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Boalsburg at $136,905, the typical annual property tax bill reaches $4,164, which exceeds the national median of $2,690. Property taxes in Boalsburg are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Boalsburg'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 Boalsburg 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
Boalsburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.04%
Estimate Property Tax Bill
$4,162
Ownwell’s Boalsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boalsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boalsburg 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 Boalsburg, Pennsylvania
Property taxes in Boalsburg, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boalsburg is 3.04%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Boalsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boalsburg 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 Boalsburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16827 zip code has the highest median property tax rate of 3.04%, while the same 16827 zip code also has the lowest median tax rate of 3.04%. Understanding how these cities compare with Boalsburg provides valuable insights into the varying tax landscape across Centre County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boalsburg Tax Rate
3.04%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boalsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16827 | 3.04% | 3.04% | 3.04% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Boalsburg, Pennsylvania
In Boalsburg, 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 Centre 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 Boalsburg, 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. For instance, the tax bill at the 25th percentile is $3,016, while at the 75th percentile, it reaches $6,071. The highest and lowest median tax bills are both $4,164, found in the 16827 zip code. 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 Boalsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boalsburg Assessed Value
$136,905
Average Centre County Assessed Value
$97,340
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boalsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16827 | $74,608 | $99,220 | $136,905 | $199,712 | $296,409 |
Source: Ownwell
Property Tax Bills Across Boalsburg, Pennsylvania
In Boalsburg, located in Centre County, PA, property tax bills are determined by assessing the market value of a home and applying the local property tax rate. The assessed value is a percentage of the market value, set by the county assessor, and is the basis for calculating the property tax bill. For instance, with a median home price of $136,905, homeowners can expect significant variations in their tax bills depending on their property's assessed value. Factors influencing property tax bills include the home's location, size, and any improvements made. In Boalsburg, the 25th percentile tax bill is around $3,016, while the 75th percentile tax bill can reach $6,071. At the 90th percentile, homeowners might see tax bills as high as $9,023. The highest median tax bill recorded in the area is $4,164, which is notably higher than the national median property tax rate of 0.99%. These property taxes are critical for funding local services, but they also represent a significant financial consideration for homeowners.
Average Boalsburg Tax Bill
$4,164
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Boalsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16827 | $2,283 | $3,016 | $4,164 | $6,071 | $9,023 |
Source: Ownwell