Shade Gap, Pennsylvania Property Taxes
The median property tax rate in Shade Gap, 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 Shade Gap, the typical annual property tax bill reaches $810, which is lower than the national median of $2,690. Property taxes in Shade Gap 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 Shade Gap'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 Shade Gap or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shade Gap, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.16%
Estimate Property Tax Bill
$882
Ownwell’s Shade Gap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shade Gap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shade Gap 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 Shade Gap, Pennsylvania
Property taxes in Shade Gap, Pennsylvania, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Shade Gap is 5.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shade Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shade Gap 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 Shade Gap's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17255 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 figures compare with Shade Gap 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 Shade Gap 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 Shade Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17255 | 5.08% | 5.08% | 5.16% | 5.16% | 5.16% |
Source: Ownwell
Property Tax Assessment Values Across Shade Gap, Pennsylvania
In Shade Gap, 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 Shade Gap, 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 Shade Gap 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 $810 in zip code 17255, which is also the lowest median tax bill, reflecting a consistent tax environment.
Average Shade Gap Assessed Value
$17,100
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 Shade Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17255 | $7,000 | $11,200 | $17,100 | $25,700 | $37,170 |
Source: Ownwell
Property Tax Bills Across Shade Gap, Pennsylvania
In Shade Gap, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Huntingdon County. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For instance, with a median home price of $17,100, the tax bill can vary significantly depending on the specific valuation and applicable exemptions. Homeowners in Shade Gap can expect tax bills ranging from the 25th percentile at $479 to the 75th percentile at $1,288, with the 90th percentile reaching up to $1,899. These figures illustrate the broad spectrum of property tax liabilities, influenced by factors like property improvements, neighborhood changes, and local government budgets. Compared to the national median property tax rate of 0.99%, Shade Gap's rates reflect the unique economic and property valuation conditions of the area. Understanding these variables is crucial for homeowners as property taxes directly impact annual financial planning and long-term property investment strategies.
Average Shade Gap Tax Bill
$810
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shade Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17255 | $125 | $479 | $810 | $1,288 | $1,899 |
Source: Ownwell