Mingoville, Pennsylvania Property Taxes
The median property tax rate in Mingoville, 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 Mingoville at $71,075, the typical annual property tax bill reaches $2,178, which is below the national median of $2,690. Property taxes in Mingoville 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 Mingoville'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 Mingoville or another part of Centre County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mingoville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$2,154
Ownwell’s Mingoville Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Mingoville. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Mingoville to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more detailed insights, including neighborhood-level trends, further information is available below. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring you get a precise calculation tailored to your specific situation.
Property Tax Rates Across Mingoville, Pennsylvania
Property taxes in Mingoville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mingoville is 3.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mingoville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mingoville 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 Mingoville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16856 zip code has the highest median property tax rate of 3.03%, while the same zip code also has the lowest median tax rate of 3.03%. Understanding how these cities compare with Mingoville 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 Mingoville 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 Mingoville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16856 | 3.03% | 3.03% | 3.03% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Mingoville, Pennsylvania
In Mingoville, 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 Mingoville, 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 Mingoville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mingoville are both $2,178, found in the 16856 zip code.
Average Mingoville Assessed Value
$71,075
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 Mingoville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16856 | $16,199 | $53,415 | $71,075 | $93,090 | $118,793 |
Source: Ownwell
Property Tax Bills Across Mingoville, Pennsylvania
In Mingoville, located in Centre County, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's size, location, and market conditions. For homeowners in Mingoville, the property tax bill can vary significantly. For example, the 25th percentile tax bill is $1,645, while the 75th percentile tax bill reaches $2,829, and the 90th percentile goes up to $3,613. These figures highlight the range of property tax burdens within the area. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how their local rates and assessed values stack up. For those living in the zip code 16856, the highest and lowest median tax bill is $2,178, reflecting a more stable tax environment. Understanding these factors can help homeowners better plan their finances and anticipate annual expenses.
Average Mingoville Tax Bill
$2,178
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mingoville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16856 | $482 | $1,645 | $2,178 | $2,829 | $3,613 |
Source: Ownwell