Townville, Pennsylvania Property Taxes
The median property tax rate in Townville, PA is 5.96%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Townville at $24,342, the typical annual property tax bill reaches $1,451, exceeding the national median of $2,690. Property taxes in Townville 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 Townville'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 Townville 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
Townville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.96%
Estimate Property Tax Bill
$1,451
Ownwell’s Townville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Townville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Townville 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 Townville, Pennsylvania
Property taxes in Townville, Pennsylvania, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Townville is 5.96%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Townville set these rates annually, and they can vary considerably across different neighborhoods. Each year, Townville 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 Townville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16360 zip code has both the highest and lowest median property tax rate of 5.96%. Understanding how these areas compare with Townville 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 Townville Tax Rate
5.96%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Townville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16360 | 5.92% | 5.93% | 5.96% | 5.97% | 6.00% |
Source: Ownwell
Property Tax Assessment Values Across Townville, Pennsylvania
In Townville, 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 Townville, 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 Townville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 16360 has the highest and lowest median tax bill at $1,451.
Average Townville Assessed Value
$24,342
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 Townville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16360 | $7,201 | $13,949 | $24,342 | $37,329 | $55,102 |
Source: Ownwell
Property Tax Bills Across Townville, Pennsylvania
In TOWNVILLE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, size, location, and any improvements made to the property. For homeowners in TOWNVILLE, the tax burden can vary significantly. The 25th percentile tax bill is $833, while the 75th percentile tax bill is $2,228, indicating a wide range of property taxes within the area. The highest median tax bill in the county is $1,451, which is higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the quality of life in the community. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and plan accordingly.
Average Townville Tax Bill
$1,451
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Townville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16360 | $433 | $833 | $1,451 | $2,228 | $3,290 |
Source: Ownwell