Turkey City, Pennsylvania Property Taxes
The median property tax rate in Turkey City, PA is 7.79%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Turkey City, the typical annual property tax bill reaches $888, which is below the national median of $2,690. Property taxes in Turkey City 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 Turkey City'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 Turkey City or another part of Clarion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Turkey City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.79%
Estimate Property Tax Bill
$888
Ownwell’s Turkey City Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Turkey City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Turkey City to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Turkey City, Pennsylvania
Property taxes in Turkey City, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Turkey City is 7.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Turkey City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turkey City 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 Turkey City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16058 zip code has the highest median property tax rate of 7.79%, while the lowest median tax rate is also 7.79%. Understanding how these cities compare with Turkey City 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 Turkey City Tax Rate
7.79%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turkey City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16058 | 7.79% | 7.79% | 7.79% | 7.79% | 7.79% |
Source: Ownwell
Property Tax Assessment Values Across Turkey City, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Turkey City, 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 local appraisal district 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 Turkey City, 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 Turkey City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Turkey City are both $888, with zip code 16058 showing these values.
Average Turkey City Assessed Value
$11,400
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 Turkey City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16058 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 |
Source: Ownwell
Property Tax Bills Across Turkey City, Pennsylvania
In Turkey City, Clarion County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office and may not necessarily reflect the current market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Turkey City, the median home price is $11,400, and the tax bill is notably consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $888. This uniformity suggests a stable tax environment within the city. Compared to the national median property tax rate of 0.99%, homeowners in Turkey City experience a relatively predictable tax bill. However, the tax amount can still impact homeowners significantly, especially when considering the low median home price. This consistency in tax bills provides a level of predictability for budgeting and financial planning for property owners in the area.
Average Turkey City Tax Bill
$888
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Turkey City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16058 | $888 | $888 | $888 | $888 | $888 |
Source: Ownwell