East Brady, Pennsylvania Property Taxes
The median property tax rate in East Brady, PA is 9.19%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in East Brady at $9,325, the typical annual property tax bill reaches $857, still below the national median of $2,690. Property taxes in East Brady 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 East Brady'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 East Brady 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
East Brady, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.19%
Estimate Property Tax Bill
$857
Ownwell’s EAST BRADY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST BRADY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST BRADY 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 East Brady, Pennsylvania
Property taxes in East Brady, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Brady is 9.19%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Brady set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Brady 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 East Brady's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16028 has the highest median property tax rate of 9.19%, while the same zip code also has the lowest median tax rate of 9.19%. Understanding how these cities compare with East Brady provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Brady Tax Rate
9.19%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Brady, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16028 | 9.19% | 9.19% | 9.19% | 9.19% | 9.19% |
Source: Ownwell
Property Tax Assessment Values Across East Brady, Pennsylvania
In East Brady, 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 Clarion 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 in East Brady 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 East Brady helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $857 in zip code 16028, which is reflective of the local property values.
Average East Brady Assessed Value
$9,325
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Brady, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16028 | $3,272 | $6,580 | $9,325 | $16,443 | $26,801 |
Source: Ownwell
Property Tax Bills Across East Brady, Pennsylvania
In East Brady, located in Clarion County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. For homeowners in East Brady, the median home price is $9,325, with property tax bills ranging significantly. At the 25th percentile, homeowners can expect to pay around $599 annually, while those at the 75th percentile might see bills as high as $1,511. The top 10% of property tax bills can reach up to $2,456. Comparatively, the highest and lowest median tax bills in the area are both $857, highlighting some consistency in property tax assessments within this zip code. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average East Brady Tax Bill
$857
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Brady, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16028 | $301 | $599 | $857 | $1,511 | $2,456 |
Source: Ownwell