Orviston, Pennsylvania Property Taxes
The median property tax rate in Orviston, PA is 2.52%, which is considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Orviston at $21,600, the typical annual property tax bill reaches $544, which is significantly below the national median of $2,690. Property taxes in Orviston are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Orviston'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 Orviston or another part of Centre County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orviston, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.52%
Estimate Property Tax Bill
$544
Ownwell’s Orviston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orviston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orviston 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 Orviston, Pennsylvania
Property taxes in Orviston, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orviston is 2.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Orviston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orviston 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 Orviston's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16864 has the highest median property tax rate of 2.52%, while the same zip code also has the lowest median tax rate of 2.52%. Understanding how these areas compare with Orviston 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 Orviston Tax Rate
2.52%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orviston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16864 | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Orviston, Pennsylvania
In Orviston, 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 Orviston, 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 Orviston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $544, both in the zip code 16864.
Average Orviston Assessed Value
$21,600
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 Orviston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16864 | $11,294 | $16,098 | $21,600 | $28,992 | $37,315 |
Source: Ownwell
Property Tax Bills Across Orviston, Pennsylvania
In Orviston, property tax bills are calculated based on the assessed value of a home, which is determined by the Centre County tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Orviston see varying tax bills depending on their property's assessed value and the local tax rate. For example, the median home price in Orviston is $21,600. The tax bill for homes in the 25th percentile is around $405, while those in the 75th percentile pay approximately $730. Homeowners with properties in the 90th percentile can expect a tax bill of about $941. These tax bills are influenced by several factors, including property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Orviston's tax rates may seem relatively modest. However, these taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners' quality of life.
Average Orviston Tax Bill
$544
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Orviston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16864 | $284 | $405 | $544 | $730 | $941 |
Source: Ownwell