Edinboro, Pennsylvania Property Taxes
The median property tax rate in Edinboro, PA is 2.28%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Edinboro, the typical annual property tax bill reaches $2,931, exceeding the national median of $2,690. Property taxes in Edinboro 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 Edinboro'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 Edinboro or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edinboro, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$2,941
Ownwell’s Edinboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edinboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edinboro 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 Edinboro, Pennsylvania
Property taxes in Edinboro, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edinboro is 2.28%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Edinboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edinboro 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 Edinboro's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16412 zip code has the highest median property tax rate of 2.28%, while the same zip code also has the lowest median tax rate of 2.28%. Understanding how these areas compare with Edinboro provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edinboro Tax Rate
2.28%
Average Erie County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edinboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16412 | 2.08% | 2.08% | 2.28% | 2.43% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Edinboro, Pennsylvania
In Edinboro, 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 Erie 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 Edinboro, 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 Edinboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Edinboro is $128,990, with the highest median tax bill in the 16412 zip code at $2,931.
Average Edinboro Assessed Value
$128,990
Average Erie County Assessed Value
$98,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edinboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16412 | $67,964 | $94,800 | $128,990 | $170,300 | $225,230 |
Source: Ownwell
Property Tax Bills Across Edinboro, Pennsylvania
In Edinboro, located in Erie County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For homeowners in Edinboro, the median home price stands at $128,990. The property tax rate in Erie County results in a median tax bill of approximately $2,931, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in the 25th percentile can expect a tax bill around $2,162, while those in the 75th percentile may face a bill of about $3,796. At the 90th percentile, the tax bill can reach up to $4,955. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services.
Average Edinboro Tax Bill
$2,931
Average Erie County Tax Bill
$2,898
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Edinboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16412 | $1,543 | $2,162 | $2,931 | $3,796 | $4,955 |
Source: Ownwell