Marienville, Pennsylvania Property Taxes
The median property tax rate in Marienville, PA is 9.14%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Marienville, the typical annual property tax bill reaches $664, which is lower than the national median of $2,690. Property taxes in Marienville 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 Marienville'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 Marienville 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
Marienville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.14%
Estimate Property Tax Bill
$669
Ownwell’s Marienville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marienville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marienville 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 Marienville, Pennsylvania
Property taxes in Marienville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marienville is 9.14%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Marienville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marienville 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 Marienville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16239 zip code has both the highest and lowest median property tax rate of 9.14%. Understanding how these cities compare with Marienville 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 Marienville Tax Rate
9.14%
Average Forest County Tax Rate
8.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marienville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16239 | 8.80% | 9.10% | 9.14% | 9.14% | 9.14% |
Source: Ownwell
Property Tax Assessment Values Across Marienville, Pennsylvania
In Marienville, 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 Marienville, 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 Marienville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest median tax bill is 16239, with a median of $664.00, which is also the lowest median tax bill in the area.
Average Marienville Assessed Value
$7,320
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 Marienville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16239 | $3,040 | $4,520 | $7,320 | $12,330 | $18,950 |
Source: Ownwell
Property Tax Bills Across Marienville, Pennsylvania
In Marienville, located in Forest County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Marienville, the median home price is $7,320. Property tax bills can vary significantly, with the 25th percentile tax bill at $411 and the 75th percentile tax bill reaching $1,123. At the 90th percentile, some homeowners may see tax bills as high as $1,725. The median tax bill in Marienville is $664, which is relatively low compared to the national median property tax rate of 0.99%. This calculation affects homeowners by influencing their annual expenses and potentially impacting their overall cost of living.
Average Marienville Tax Bill
$664
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Marienville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16239 | $274 | $411 | $664 | $1,123 | $1,725 |
Source: Ownwell