Shippenville, Pennsylvania Property Taxes
The median property tax rate in Shippenville, PA is 9.20%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Shippenville at $18,400, the typical annual property tax bill is $1,498, surpassing the national median of $2,690. Property taxes in Shippenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shippenville'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 Shippenville 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
Shippenville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.2%
Estimate Property Tax Bill
$1,693
Ownwell’s Shippenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shippenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shippenville 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 Shippenville, Pennsylvania
Property taxes in Shippenville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shippenville is 9.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shippenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shippenville 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 Shippenville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16254 has both the highest and the lowest median property tax rate of 9.20%. Understanding how these cities compare with Shippenville 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 Shippenville Tax Rate
9.20%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shippenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16254 | 7.73% | 7.73% | 9.20% | 9.20% | 9.20% |
Source: Ownwell
Property Tax Assessment Values Across Shippenville, Pennsylvania
In Shippenville, 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. In Shippenville, 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 Shippenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $18,400, with the highest median tax bill of $1,498 and the lowest also at $1,498 in zip code 16254.
Average Shippenville Assessed Value
$18,400
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 Shippenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16254 | $2,832 | $9,426 | $18,400 | $27,710 | $40,394 |
Source: Ownwell
Property Tax Bills Across Shippenville, Pennsylvania
In Shippenville, Clarion County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Shippenville experience varying tax bills, with the 25th percentile paying around $771, while the 75th percentile pays approximately $2,443. Those in the 90th percentile can expect to pay up to $3,497 annually. Several factors influence these tax bills, including the property's assessed value, market conditions, and any applicable exemptions or abatements. The median home price in Shippenville is $18,400, which is significantly lower than the national median. This lower home value can result in lower property tax bills compared to other regions. However, the property tax rate in Clarion County may still impact homeowners significantly, affecting their overall financial planning and homeownership costs.
Average Shippenville Tax Bill
$1,498
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shippenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16254 | $247 | $771 | $1,498 | $2,443 | $3,497 |
Source: Ownwell