Neelyton, Pennsylvania Property Taxes
The median property tax rate in Neelyton, PA is 5.16%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Neelyton, the typical annual property tax bill reaches $1,309, exceeding the national median of $2,690. Property taxes in Neelyton 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 Neelyton'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 Neelyton or another part of Huntingdon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neelyton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.16%
Estimate Property Tax Bill
$1,375
Ownwell’s Neelyton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neelyton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neelyton 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 Neelyton, Pennsylvania
Property taxes in Neelyton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neelyton is 5.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Neelyton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neelyton 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 Neelyton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17239 zip code has the highest median property tax rate of 5.16%, while the same zip code also has the lowest median tax rate of 5.16%. Understanding how these cities compare with Neelyton provides valuable insights into the varying tax landscape across Huntingdon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neelyton Tax Rate
5.16%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neelyton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17239 | 5.16% | 5.16% | 5.16% | 5.16% | 5.16% |
Source: Ownwell
Property Tax Assessment Values Across Neelyton, Pennsylvania
In Neelyton, 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 Huntingdon 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 Neelyton, 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 Neelyton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,309 in the 17239 zip code, while the lowest is also $1,309.
Average Neelyton Assessed Value
$26,650
Average Huntingdon County Assessed Value
$15,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neelyton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17239 | $5,950 | $14,825 | $26,650 | $37,425 | $56,050 |
Source: Ownwell
Property Tax Bills Across Neelyton, Pennsylvania
In Neelyton, PA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the property's location within Huntingdon County, specific local tax rates, and any applicable exemptions or deductions. For homeowners in Neelyton, the median home price is $26,650. Property tax bills can vary significantly, with the 25th percentile tax bill at $497 and the 75th percentile at $1,904. At the 90th percentile, homeowners might see tax bills as high as $2,799. Comparatively, the national median property tax rate is 0.99%, showcasing how local rates and property values impact the overall tax burden. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly affecting the quality of life for Neelyton residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Neelyton Tax Bill
$1,309
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Neelyton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17239 | $112 | $497 | $1,309 | $1,904 | $2,799 |
Source: Ownwell