Pleasant Gap, Pennsylvania Property Taxes
The median property tax rate in Pleasant Gap, PA is 3.19%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Pleasant Gap, the typical annual property tax bill reaches $2,398, which is below the national median of $2,690. Property taxes in Pleasant Gap 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 Pleasant Gap'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 Pleasant Gap 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
Pleasant Gap, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$2,398
Ownwell’s Pleasant Gap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Gap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Gap 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 Pleasant Gap, Pennsylvania
Property taxes in Pleasant Gap, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Gap is 3.19%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pleasant Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Gap 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 Pleasant Gap's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16823 zip code has the highest median property tax rate of 3.19%, while the same zip code also has the lowest median tax rate of 3.19%. Understanding how these cities compare with Pleasant Gap 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 Pleasant Gap Tax Rate
3.19%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16823 | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Gap, Pennsylvania
In Pleasant Gap, 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 Pleasant Gap, 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 Pleasant Gap helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pleasant Gap, the highest median tax bill is $2,398 in the 16823 zip code, which is the same for the lowest median tax bill. The 25th percentile tax bill is $1,936, the 75th percentile is $2,906, and the 90th percentile is $3,550, all of which help homeowners understand the range of property tax obligations in the area.
Property Tax Assessment Values Across Pleasant Gap, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average Pleasant Gap Assessed Value
$75,185
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 Pleasant Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16823 | $47,468 | $60,432 | $75,185 | $91,078 | $111,294 |
Source: Ownwell
Property Tax Bills Across Pleasant Gap, Pennsylvania
In Pleasant Gap, located in Centre County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $75,185, homeowners can expect their tax bills to vary. The 25th percentile tax bill is approximately $1,936, while the 75th percentile reaches around $2,906, and the 90th percentile tax bill is about $3,550. These tax bills are influenced by local government budgets and the need to fund public services such as schools, infrastructure, and emergency services. As a result, homeowners in Pleasant Gap may find their property taxes higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Pleasant Gap Tax Bill
$2,398
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16823 | $1,518 | $1,936 | $2,398 | $2,906 | $3,550 |
Source: Ownwell