Nemacolin, Pennsylvania Property Taxes
The median property tax rate in Nemacolin, PA is 3.80%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Nemacolin, the typical annual property tax bill reaches $647, which is lower than the national median of $2,690. Property taxes in Nemacolin 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 Nemacolin'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 Nemacolin or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nemacolin, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.8%
Estimate Property Tax Bill
$647
Ownwell’s Nemacolin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nemacolin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nemacolin 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 Nemacolin, Pennsylvania
Property taxes in Nemacolin, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nemacolin is 1.51%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Nemacolin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nemacolin 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 Nemacolin's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15351 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Nemacolin 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 Nemacolin 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 Nemacolin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15351 | 3.80% | 3.80% | 3.80% | 3.80% | 3.80% |
Source: Ownwell
Property Tax Assessment Values Across Nemacolin, Pennsylvania
In Nemacolin, 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 Nemacolin, 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 Nemacolin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $647, specifically in the 15351 zip code.
Average Nemacolin Assessed Value
$17,020
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 Nemacolin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15351 | $13,565 | $14,975 | $17,020 | $18,610 | $21,090 |
Source: Ownwell
Property Tax Bills Across Nemacolin, Pennsylvania
In Nemacolin, located in Greene County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Nemacolin, the median home price is $17,020, which is significantly lower than the national median. This lower home value translates into relatively modest property tax bills compared to other regions. Factors such as the property's location, size, and condition are considered during the assessment process. For example, in Nemacolin, the tax bill at the 25th percentile is $569, while at the 75th percentile, it is $707. The 90th percentile tax bill reaches $801. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value. Understanding these factors can help homeowners anticipate their annual tax expenses and manage their finances more effectively.
Average Nemacolin Tax Bill
$647
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nemacolin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15351 | $516 | $569 | $647 | $707 | $801 |
Source: Ownwell