Grand Valley, Pennsylvania Property Taxes
The median property tax rate in Grand Valley, PA is 5.17%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Grand Valley, the typical annual property tax bill reaches $634, which is below the national median of $2,690. Property taxes in Grand Valley are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Grand Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grand Valley or another part of Crawford County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grand Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.17%
Estimate Property Tax Bill
$634
Ownwell’s Grand Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Valley 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 Grand Valley, Pennsylvania
Property taxes in Grand Valley, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Valley is 5.17%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Grand Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Valley 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 Grand Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16420 zip code has the highest median property tax rate of 5.17%, while the same zip code also has the lowest median tax rate of 5.17%. Understanding how these cities compare with Grand Valley 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 Grand Valley Tax Rate
5.17%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16420 | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% |
Source: Ownwell
Property Tax Assessment Values Across Grand Valley, Pennsylvania
In Grand Valley, 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 Grand Valley, 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 Grand Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $634 in zip code 16420, which is also the lowest median tax bill.
Average Grand Valley Assessed Value
$12,268
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 Grand Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16420 | $12,268 | $12,268 | $12,268 | $12,268 | $12,268 |
Source: Ownwell
Property Tax Bills Across Grand Valley, Pennsylvania
In Grand Valley, located in Crawford County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property’s market value and then apply an assessment ratio to arrive at the taxable value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Grand Valley, the median home price is $12,268, and the median property tax bill stands at $634, which is significantly higher than the national median property tax rate of 0.99%. This disparity highlights the impact of local tax rates and assessment practices on homeowners. Factors such as changes in property values, local budget requirements, and specific exemptions or deductions can influence the final tax amount. High property taxes can affect homeowners by increasing their annual housing costs, making it crucial for them to understand and manage their property tax obligations effectively.
Average Grand Valley Tax Bill
$634
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16420 | $634 | $634 | $634 | $634 | $634 |
Source: Ownwell