Tidioute, Pennsylvania Property Taxes
The median property tax rate in Tidioute, PA is 9.21%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tidioute at $6,520, the typical annual property tax bill reaches $601, which is lower than the national median of $2,690. Property taxes in Tidioute 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 Tidioute'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 Tidioute or another part of Forest County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tidioute, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.21%
Estimate Property Tax Bill
$600
Ownwell’s Tidioute Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tidioute with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tidioute 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 Tidioute, Pennsylvania
Property taxes in Tidioute, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tidioute is 9.21%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tidioute set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tidioute 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 Tidioute's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16351 has the highest median property tax rate of 9.21%, while the same zip code also has the lowest median tax rate of 9.21%. Understanding how these areas compare with Tidioute 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 Tidioute Tax Rate
9.21%
Average Forest County Tax Rate
8.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tidioute, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16351 | 8.76% | 9.21% | 9.21% | 9.21% | 9.21% |
Source: Ownwell
Property Tax Assessment Values Across Tidioute, Pennsylvania
In Tidioute, 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 Tidioute, 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 Tidioute helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Tidioute, the property tax bills can vary significantly, with the highest median tax bill being $601 in the 16351 zip code, and the lowest median tax bill also being $601 in the same zip code. This highlights the importance of staying informed about your specific property tax situation.
Average Tidioute Assessed Value
$6,520
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 Tidioute, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16351 | $3,410 | $4,495 | $6,520 | $10,520 | $19,788 |
Source: Ownwell
Property Tax Bills Across Tidioute, Pennsylvania
In Tidioute, 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 and reflects a percentage of the property's market value. For homeowners in Tidioute, the median home price is $6,520, which is significantly lower than the national median. Property taxes here are influenced by the local tax rate and the assessed value of the property, making them relatively affordable compared to national figures. Homeowners in Tidioute can expect their tax bills to vary. The 25th percentile tax bill is around $405, while those in the 75th percentile pay approximately $965. For those at the higher end, the 90th percentile tax bill reaches $1,823. The highest and lowest median tax bills in the area are both $601, indicating a consistent tax rate across the region. Understanding these factors helps homeowners anticipate their annual property tax liabilities and manage their finances more effectively.
Average Tidioute Tax Bill
$601
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tidioute, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16351 | $312 | $405 | $601 | $965 | $1,823 |
Source: Ownwell