Big Cove Tannery, Pennsylvania Property Taxes
The median property tax rate in Big Cove Tannery, PA is 4.59%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Big Cove Tannery at $15,845, the typical annual property tax bill reaches $752, which is notably lower than the national median of $2,690. Property taxes in Big Cove Tannery are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Big Cove Tannery'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 Big Cove Tannery or another part of Fulton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Cove Tannery, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.59%
Estimate Property Tax Bill
$727
Ownwell’s Big Cove Tannery Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Big Cove Tannery with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Big Cove Tannery 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 Big Cove Tannery, Pennsylvania
Property taxes in Big Cove Tannery, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Cove Tannery is 4.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Big Cove Tannery set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Cove Tannery 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 Big Cove Tannery's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17212 zip code has the highest median property tax rate of 4.59%, while the same zip code also has the lowest median tax rate of 4.59%. Understanding how these cities compare with Big Cove Tannery provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Cove Tannery Tax Rate
4.59%
Average Fulton County Tax Rate
4.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Cove Tannery, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17212 | 4.20% | 4.20% | 4.59% | 4.59% | 4.59% |
Source: Ownwell
Property Tax Assessment Values Across Big Cove Tannery, Pennsylvania
In Big Cove Tannery, 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 Fulton 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 Big Cove Tannery, 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 Big Cove Tannery helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 17212, both valued at $752.
Property Tax Assessment Values Across Big Cove Tannery, Pennsylvania
Source: Ownwell
$3,320
$23,850
$44,380
Average Big Cove Tannery Assessed Value
$15,845
Average Fulton County Assessed Value
$13,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Cove Tannery, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17212 | $2,641 | $6,642 | $15,845 | $26,775 | $44,937 |
Source: Ownwell
Property Tax Bills Across Big Cove Tannery, Pennsylvania
In Big Cove Tannery, PA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your annual tax bill. For homeowners in Big Cove Tannery, the tax bill can vary significantly. At the 25th percentile, residents can expect to pay around $372 annually, while those at the 75th percentile might see tax bills closer to $1,230. The 90th percentile tax bill reaches up to $1,922. Compared to the national median property tax rate of 0.99%, Big Cove Tannery's taxes can be seen as relatively moderate, given the median home price of $15,845. These property taxes fund essential public services like schools, infrastructure, and emergency services. Therefore, understanding how your property tax bill is calculated helps homeowners budget effectively and ensures they are prepared for this recurring expense.
Average Big Cove Tannery Tax Bill
$752
Average Fulton County Tax Bill
$734
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Cove Tannery, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17212 | $172 | $372 | $752 | $1,230 | $1,922 |
Source: Ownwell