East Hickory, Pennsylvania Property Taxes
The median property tax rate in East Hickory, PA, is 8.76%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in East Hickory at $7,710, the typical annual property tax bill reaches $676, which is below the national median of $2,690. Property taxes in East Hickory 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 East Hickory'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 East Hickory 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
East Hickory, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
8.76%
Estimate Property Tax Bill
$675
Ownwell’s East Hickory Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Hickory with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Hickory 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 East Hickory, Pennsylvania
Property taxes in East Hickory, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Hickory is 8.76%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Hickory set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Hickory 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 East Hickory's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16321 zip code has the highest median property tax rate of 8.76%, while the same zip code also has the lowest median tax rate of 8.76%. Understanding how these cities compare with East Hickory provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Hickory Tax Rate
8.76%
Average Forest County Tax Rate
8.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Hickory, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16321 | 8.76% | 8.76% | 8.76% | 8.76% | 8.76% |
Source: Ownwell
Property Tax Assessment Values Across East Hickory, Pennsylvania
In East Hickory, 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 Forest 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 East Hickory, 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 East Hickory helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16321 has the highest median tax bill at $676, which is also the lowest median tax bill in the area.
Average East Hickory Assessed Value
$7,710
Average Forest County Assessed Value
$6,350
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Hickory, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16321 | $2,577 | $3,968 | $7,710 | $11,595 | $12,260 |
Source: Ownwell
Property Tax Bills Across East Hickory, Pennsylvania
Property tax bills in East Hickory, located in Forest County, PA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county's assessment office and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In East Hickory, the median home price is $7,710, which is considerably lower than the national median. Tax bills in this area vary significantly, with the 25th percentile at $348 and the 75th percentile reaching $1,016. The highest median tax bill in the region is $676, found in the 16321 zip code. These property tax bills impact homeowners by influencing their overall housing costs. Lower home values in East Hickory result in relatively lower tax bills compared to national averages, providing some relief to homeowners. However, variations in tax bills can still create financial challenges for some residents.
Average East Hickory Tax Bill
$676
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Hickory, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16321 | $226 | $348 | $676 | $1,016 | $1,074 |
Source: Ownwell