Emlenton, Pennsylvania Property Taxes
The median property tax rate in Emlenton, PA is 7.76%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Emlenton at $13,430, the typical annual property tax bill reaches $1,016, exceeding the national median of $2,690. Property taxes in Emlenton 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 Emlenton'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 Emlenton 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
Emlenton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.76%
Estimate Property Tax Bill
$1,042
Ownwell’s Emlenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emlenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emlenton 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 Emlenton, Pennsylvania
Property taxes in Emlenton, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emlenton is 7.76%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Emlenton set these rates annually, and they can vary across different neighborhoods. Each year, Emlenton 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 Emlenton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16373 has the highest median property tax rate of 7.76%, while the same zip code also has the lowest median tax rate of 7.76%. Understanding how these cities compare with Emlenton 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 Emlenton Tax Rate
7.76%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emlenton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16373 | 7.53% | 7.76% | 7.76% | 7.79% | 7.79% |
Source: Ownwell
Property Tax Assessment Values Across Emlenton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Emlenton, PA. 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 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. For instance, the median home price in Emlenton is $13,430, with tax bills ranging from $704 at the 25th percentile to $2,129 at the 90th percentile. Notably, the zip code 16373 has both the highest and lowest median tax bills at $1,016. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Emlenton Assessed Value
$13,430
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 Emlenton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16373 | $4,524 | $9,070 | $13,430 | $19,660 | $27,570 |
Source: Ownwell
Property Tax Bills Across Emlenton, Pennsylvania
In Emlenton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Emlenton is $13,430, and property tax bills in the area vary significantly. For example, homeowners in the 25th percentile can expect to pay around $704 annually, while those in the 75th percentile may see bills as high as $1,527. The highest median tax bill in the area is $1,016, which is significantly lower than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Homeowners must consider these taxes when budgeting for homeownership, as they represent a recurring expense that can influence overall affordability.
Average Emlenton Tax Bill
$1,016
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Emlenton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16373 | $352 | $704 | $1,016 | $1,527 | $2,129 |
Source: Ownwell