Espyville, Pennsylvania Property Taxes
The median property tax rate in Espyville, PA is 6.03%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Espyville at $17,714, the typical annual property tax bill reaches $1,068, still lower than the national median of $2,690. Property taxes in Espyville 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 Espyville'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 Espyville or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Espyville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.03%
Estimate Property Tax Bill
$1,068
Ownwell’s Espyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Espyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Espyville 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 Espyville, Pennsylvania
Property taxes in Espyville, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Espyville is 6.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Espyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Espyville 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 Espyville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16424 zip code has the highest median property tax rate of 6.03%, while the same zip code also has the lowest median tax rate of 6.03%. Understanding how these cities compare with Espyville provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Espyville Tax Rate
6.03%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Espyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16424 | 6.01% | 6.02% | 6.03% | 6.03% | 6.04% |
Source: Ownwell
Property Tax Assessment Values Across Espyville, Pennsylvania
In Espyville, 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 Crawford 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 Espyville, 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. Espyville's median home price is $17,714, with tax bills ranging from $779 at the 25th percentile to $2,294 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,068, found in the 16424 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Espyville Assessed Value
$17,714
Average Crawford County Assessed Value
$26,552
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Espyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16424 | $9,498 | $12,961 | $17,714 | $26,016 | $38,045 |
Source: Ownwell
Property Tax Bills Across Espyville, Pennsylvania
In Espyville, located in Crawford County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Espyville, the median home price is $17,714, with tax bills ranging from the 25th percentile at $779 to the 90th percentile at $2,294. These figures illustrate the variability in tax bills depending on the assessed value of the property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, property taxes in Espyville can be considered relatively high when looking at the tax bills in relation to the low median home price. Homeowners must account for these taxes as part of their annual expenses, which can impact their overall financial planning and housing affordability. The highest and lowest median tax bills in the area are both recorded at $1,068 in the 16424 zip code, highlighting a degree of uniformity in tax assessments within this locality.
Average Espyville Tax Bill
$1,068
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Espyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16424 | $571 | $779 | $1,068 | $1,566 | $2,294 |
Source: Ownwell