Howard, Pennsylvania Property Taxes
The median property tax rate in Howard, PA is 3.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Howard at $74,500, the typical annual property tax bill reaches $2,441, slightly below the national median of $2,690. Property taxes in Howard 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 Howard'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 Howard 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
Howard, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$2,257
Ownwell’s Howard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howard 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 Howard, Pennsylvania
Property taxes in Howard, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howard is 3.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Howard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howard 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 Howard's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16841 zip code has the highest median property tax rate of 3.03%, while the 16841 zip code also has the lowest median tax rate of 3.03%. Understanding how these cities compare with Howard 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 Howard Tax Rate
3.03%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16841 | 2.52% | 2.67% | 3.03% | 3.59% | 3.79% |
Source: Ownwell
Property Tax Assessment Values Across Howard, Pennsylvania
In Howard, 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. 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. The median home price in Howard is $74,500, with tax bills ranging from $1,374 at the 25th percentile to $3,686 at the 75th percentile, and $5,628 at the 90th percentile. The highest and lowest median tax bills are both $2,441 in zip code 16841. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Howard Assessed Value
$74,500
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 Howard, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16841 | $15,000 | $42,630 | $74,500 | $112,830 | $175,788 |
Source: Ownwell
Property Tax Bills Across Howard, Pennsylvania
In Howard, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The assessed value is a percentage of the market value and is used to calculate the property tax owed. Various factors, such as home size, location, and improvements, influence this assessed value. Homeowners in Howard experience varying tax bills, with the 25th percentile at $1,374 and the 75th percentile at $3,686. The highest median tax bill in the area is $2,441, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, potentially affecting their overall budget and financial planning. Understanding how these factors come together helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Howard Tax Bill
$2,441
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16841 | $456 | $1,374 | $2,441 | $3,686 | $5,628 |
Source: Ownwell