Tionesta, Pennsylvania Property Taxes
The median property tax rate in Tionesta, PA is 8.76%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tionesta at $5,810, the typical annual property tax bill reaches $503, which is below the national median of $2,690. Property taxes in Tionesta are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Tionesta'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 Tionesta 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
Tionesta, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
8.76%
Estimate Property Tax Bill
$509
Ownwell’s Tionesta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tionesta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tionesta 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 Tionesta, Pennsylvania
Property taxes in Tionesta, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tionesta is 8.76%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tionesta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tionesta 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 Tionesta's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16353 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 Tionesta 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 Tionesta 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 Tionesta, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16353 | 8.41% | 8.41% | 8.76% | 8.80% | 8.80% |
Source: Ownwell
Property Tax Assessment Values Across Tionesta, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tionesta, PA. 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 Appraisal District 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 Tionesta, 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 Tionesta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Tionesta, the zip code 16353 has both the highest and lowest median tax bill at $503. This is significantly below the national median property tax rate of 0.99%, highlighting potential opportunities for property owners to save.
Average Tionesta Assessed Value
$5,810
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 Tionesta, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16353 | $2,560 | $3,750 | $5,810 | $9,850 | $16,098 |
Source: Ownwell
Property Tax Bills Across Tionesta, Pennsylvania
In Tionesta, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This value is then multiplied by the tax rate set by Forest County to determine the annual tax bill. For example, with a median home price of $5,810, the tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $322, while those in the 75th percentile might see bills closer to $854. At the 90th percentile, tax bills can reach $1,419. These figures highlight the range of property tax burdens in Tionesta, which can have a notable impact on household finances. Compared to the national median property tax rate of 0.99%, the tax rates in Tionesta reflect the local economic conditions and property values. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Tionesta Tax Bill
$503
Average Forest County Tax Bill
$559
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tionesta, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16353 | $221 | $322 | $503 | $854 | $1,419 |
Source: Ownwell