Locustdale, Pennsylvania Property Taxes
The median property tax rate in Locustdale, PA is 3.44%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Locustdale, the typical annual property tax bill reaches $457, which is notably lower than the national median of $2,690. Property taxes in Locustdale 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 Locustdale'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 Locustdale or another part of Columbia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Locustdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.44%
Estimate Property Tax Bill
$456
Ownwell’s Locustdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Locustdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Locustdale 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 Locustdale, Pennsylvania
Property taxes in Locustdale, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Locustdale is 3.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Locustdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Locustdale 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 Locustdale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17945 zip code has the highest median property tax rate of 3.44%, while the same zip code also has the lowest median tax rate of 3.44%. Understanding how these cities compare with Locustdale provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Locustdale Tax Rate
3.44%
Average Columbia County Tax Rate
3.65%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Locustdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17945 | 3.44% | 3.44% | 3.44% | 3.45% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Locustdale, Pennsylvania
In Locustdale, 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 Columbia 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 Locustdale, 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 Locustdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Locustdale is $13,267, with tax bills ranging from $306 at the 25th percentile to $617 at the 90th percentile. The zip code with the highest and lowest median tax bill is 17945, both at $457.
Average Locustdale Assessed Value
$13,267
Average Columbia County Assessed Value
$60,804
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Locustdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17945 | $6,220 | $8,880 | $13,267 | $14,041 | $17,900 |
Source: Ownwell
Property Tax Bills Across Locustdale, Pennsylvania
In Locustdale, property tax bills are calculated based on the assessed value of a home, which is determined by the Columbia County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Locustdale, the median home price is $13,267, leading to various tax bills depending on the property's specifics and the local tax rate. The tax bill at the 25th percentile is $306, while at the 75th percentile, it rises to $484. For those at the 90th percentile, the tax bill can reach up to $617. These figures illustrate the range of property tax obligations in the area, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Locustdale's rates reflect the unique economic conditions of the region. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan their budgets accordingly.
Average Locustdale Tax Bill
$457
Average Columbia County Tax Bill
$2,229
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Locustdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17945 | $214 | $306 | $457 | $484 | $617 |
Source: Ownwell