State College, Pennsylvania Property Taxes
The median property tax rate in State College, PA is 3.08%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in State College, the typical annual property tax bill reaches $4,077, exceeding the national median of $2,690. Property taxes in State College 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 State College'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 State College 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
State College, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.08%
Estimate Property Tax Bill
$3,879
Ownwell’s State College Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in State College with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in State College 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 State College, Pennsylvania
Property taxes in State College, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in State College is 3.08%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within State College set these rates annually, and they can vary significantly across different neighborhoods. Each year, State College 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 State College's effective property tax rate to other areas in Centre County and the national median. For comparison, the 16803 zip code has the highest median property tax rate of 3.25%, while the 16801 zip code has the lowest median tax rate of 3.08%. Understanding how these areas compare with State College 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 State College Tax Rate
3.08%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across State College, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16801 | 2.90% | 2.90% | 3.08% | 3.69% | 3.69% |
| 16803 | 2.90% | 2.90% | 3.25% | 3.25% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across State College, Pennsylvania
In State College, 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 State College, 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. State College has a median home price of $125,950, with tax bills ranging significantly. The highest median tax bill is $4,123 in the 16803 zip code, while the lowest median tax bill is $4,043 in the 16801 zip code. 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 State College helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across State College, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average State College Assessed Value
$125,950
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 State College, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16801 | $47,440 | $79,422 | $123,425 | $172,855 | $232,220 |
| 16803 | $66,780 | $94,225 | $128,105 | $185,568 | $254,945 |
Source: Ownwell
Property Tax Bills Across State College, Pennsylvania
Property tax bills in State College, Centre County, PA, are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the size of the property, its location, and any improvements made can influence the assessed value. For example, the median home price in State College is $125,950, and tax bills can range significantly. Homeowners in the 25th percentile pay around $2,825, while those in the 75th percentile face bills of up to $5,684. The highest median tax bill in the area is found in the 16803 zip code at $4,123, whereas the lowest is in the 16801 zip code at $4,043. These property tax bills have a direct impact on homeowners, influencing their annual expenses and potentially affecting home affordability. Compared to the national median property tax rate of 0.99%, State College homeowners experience varying tax burdens based on property assessments and local rates.
Average State College Tax Bill
$4,077
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across State College, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16801 | $1,917 | $2,724 | $4,043 | $5,530 | $7,420 |
| 16803 | $2,166 | $2,968 | $4,123 | $5,948 | $7,866 |
Source: Ownwell