Centre Hall, Pennsylvania Property Taxes
The median property tax rate in Centre Hall, PA is 3.05%, significantly higher than the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Centre Hall at $93,910, the typical annual property tax bill reaches $2,920, surpassing the national median of $2,690. Property taxes in Centre Hall 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 Centre Hall'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 Centre Hall 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
Centre Hall, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.05%
Estimate Property Tax Bill
$2,864
Ownwell’s Centre Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centre Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centre Hall 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 Centre Hall, Pennsylvania
Property taxes in Centre Hall, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centre Hall is 3.05%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Centre Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centre Hall 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 Centre Hall's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16828 zip code has the highest median property tax rate of 3.05%, while the same zip code also has the lowest median tax rate of 3.05%. Understanding how these cities compare with Centre Hall 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 Centre Hall Tax Rate
3.05%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centre Hall, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16828 | 3.04% | 3.05% | 3.05% | 3.12% | 3.13% |
Source: Ownwell
Property Tax Assessment Values Across Centre Hall, Pennsylvania
In Centre Hall, 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 Centre Hall, 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 Centre Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,920 in zip code 16828, while the lowest is also $2,920 in the same zip code, highlighting the consistency in tax bills across the region.
Property Tax Assessment Values Across Centre Hall, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average Centre Hall Assessed Value
$93,910
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 Centre Hall, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16828 | $13,330 | $58,720 | $93,910 | $142,820 | $229,192 |
Source: Ownwell
Property Tax Bills Across Centre Hall, Pennsylvania
In Centre Hall, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the home's market value, location, and physical characteristics. For homeowners in Centre Hall, the median home price is $93,910. The property tax rate in Centre Hall is a crucial factor, as it directly affects the tax bill. Homeowners in the 25th percentile can expect a tax bill around $1,831, while those in the 75th percentile may see bills as high as $4,403. At the 90th percentile, tax bills can reach up to $7,024. Comparatively, the national median property tax rate is 0.99%, making Centre Hall's rates significant for budgeting homeowners. These taxes fund essential local services, including schools, public safety, and infrastructure, impacting the overall quality of life in the community.
Average Centre Hall Tax Bill
$2,920
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Centre Hall, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16828 | $418 | $1,831 | $2,920 | $4,403 | $7,024 |
Source: Ownwell