Armagh, Pennsylvania Property Taxes
The median property tax rate in Armagh, PA is 1.74%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $86,900 in Armagh, the typical annual property tax bill reaches $1,563, falling below the national median of $2,690. Property taxes in Armagh are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Armagh'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 Armagh or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Armagh, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,512
Ownwell’s Armagh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Armagh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Armagh 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 Armagh, Pennsylvania
Property taxes in Armagh, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Armagh is 1.74%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Armagh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Armagh 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 Armagh's effective property tax rate to other areas and the national median. For comparison, the zip code 15920 has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these figures compare with Armagh provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Armagh Tax Rate
1.74%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Armagh, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15920 | 1.67% | 1.74% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Armagh, Pennsylvania
In Armagh, 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 Indiana 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 Armagh, 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 Armagh 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 15920, with a tax bill of $1,563, while the same zip code also has the lowest median tax bill at $1,563.
Average Armagh Assessed Value
$86,900
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Armagh, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15920 | $3,000 | $28,150 | $86,900 | $127,400 | $169,940 |
Source: Ownwell
Property Tax Bills Across Armagh, Pennsylvania
In Armagh, Indiana County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Armagh, the median home price is $86,900. Tax bills can vary significantly, with the 25th percentile tax bill at $928 and the 75th percentile at $2,243. At the 90th percentile, homeowners can expect to pay around $3,090. These figures highlight the range of property tax burdens within the area, which can impact household budgets differently. Comparatively, the highest median tax bill in the region is $1,563, which is consistent across zip code 15920. Understanding these factors is crucial for homeowners as property taxes can significantly affect their financial planning and overall cost of homeownership.
Average Armagh Tax Bill
$1,563
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Armagh, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15920 | $217 | $928 | $1,563 | $2,243 | $3,090 |
Source: Ownwell