Carmichaels, Pennsylvania Property Taxes
The median property tax rate in Carmichaels, PA is 3.80%, significantly higher than both the national median of 0.99% and Pennsylvania’s state median of 2.81%. With the median home value in Carmichaels at $39,660, the typical annual property tax bill reaches $1,485, surpassing the national median of $2,690. Property taxes in Carmichaels are determined based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Carmichaels' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carmichaels or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carmichaels, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.8%
Estimate Property Tax Bill
$1,507
Ownwell’s Carmichaels Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carmichaels with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carmichaels 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 Greene County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Carmichaels, Pennsylvania
Property taxes in Carmichaels, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carmichaels is 3.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Carmichaels set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carmichaels 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 Carmichaels' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15320 zip code has both the highest and lowest median property tax rate of 3.80%. Understanding how these cities compare with Carmichaels provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carmichaels Tax Rate
3.80%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carmichaels, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15320 | 3.80% | 3.80% | 3.80% | 3.80% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Carmichaels, Pennsylvania
In Carmichaels, 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 Greene 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 Carmichaels, 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. The median home price in Carmichaels is $39,660, with the highest median tax bill in the 15320 zip code being $1,485. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carmichaels Assessed Value
$39,660
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carmichaels, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15320 | $10,530 | $19,810 | $39,660 | $63,750 | $101,108 |
Source: Ownwell
Property Tax Bills Across Carmichaels, Pennsylvania
Property tax bills in Carmichaels, located in Greene County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Homeowners in Carmichaels can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $752, while the 75th percentile reaches $2,368, and the 90th percentile goes up to $3,510. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. The median home price in the area is $39,660, which is relatively low compared to national figures. However, despite the lower home prices, the property tax rate can still result in substantial tax bills, impacting homeowners' annual expenses. Homeowners should be aware of these factors to better understand and potentially manage their property tax obligations.
Average Carmichaels Tax Bill
$1,485
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Carmichaels, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15320 | $398 | $752 | $1,485 | $2,368 | $3,510 |
Source: Ownwell