Spruce Creek, Pennsylvania Property Taxes
The median property tax rate in Spruce Creek, PA is 5.85%, significantly higher than both the national median of 0.99% and Pennsylvania’s state median of 2.81%. With the median home value in Spruce Creek, the typical annual property tax bill reaches $1,018, surpassing the national median of $2,690. Property taxes in Spruce Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spruce Creek'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 Spruce Creek 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
Spruce Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.85%
Estimate Property Tax Bill
$1,012
Ownwell’s Spruce Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spruce Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spruce Creek 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 Spruce Creek, Pennsylvania
Property taxes in Spruce Creek, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Spruce Creek is 5.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Spruce Creek set these rates annually, and they can vary across different neighborhoods. Each year, Spruce Creek 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 Spruce Creek's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16683 zip code has the highest median property tax rate of 5.85%, while the same zip code also has the lowest median tax rate of 5.85%. Understanding how these areas compare with Spruce Creek 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 Spruce Creek Tax Rate
5.85%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spruce Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16683 | 5.85% | 5.85% | 5.85% | 6.27% | 6.27% |
Source: Ownwell
Property Tax Assessment Values Across Spruce Creek, Pennsylvania
In Spruce Creek, 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 Spruce Creek, 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 Spruce Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16683, with a tax bill of $1018.
Average Spruce Creek Assessed Value
$17,300
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 Spruce Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16683 | $3,920 | $9,550 | $17,300 | $25,200 | $47,620 |
Source: Ownwell
Property Tax Bills Across Spruce Creek, Pennsylvania
In Spruce Creek, located in Huntingdon County, PA, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $17,300, homeowners can expect varying tax bills. The tax bill at the 25th percentile is $544, while it rises to $1,462 at the 75th percentile and can go up to $3,000 at the 90th percentile. Several factors influence property tax bills, including changes in home values, local tax rates, and any applicable exemptions. These taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners in Spruce Creek should be aware of how these factors can affect their overall tax burden, especially since the median tax bill in the area is $1,018, which is higher than the national median property tax rate of 0.99%.
Average Spruce Creek Tax Bill
$1,018
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Spruce Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16683 | $106 | $544 | $1,018 | $1,462 | $3,000 |
Source: Ownwell