Black Lick, Pennsylvania Property Taxes
The median property tax rate in Black Lick, PA is 2.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Black Lick, the typical annual property tax bill reaches $1,072, exceeding the national median of $2,690. Property taxes in Black Lick 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 Black Lick'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 Black Lick 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
Black Lick, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$1,068
Ownwell’s BLACK LICK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLACK LICK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLACK LICK 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 Black Lick, Pennsylvania
Property taxes in Black Lick, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black Lick is 1.35%, which is higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Black Lick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black Lick 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 Black Lick's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15716 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Black Lick 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 Black Lick Tax Rate
2.22%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black Lick, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15716 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Black Lick, Pennsylvania
In Black Lick, 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. Assessment notices in Black Lick 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. The median home price in Black Lick is $48,100, with tax bills ranging from $643 at the 25th percentile to $2,190 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 15716, with a median tax bill of $1,072. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Black Lick Assessed Value
$48,100
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 Black Lick, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15716 | $5,180 | $28,100 | $48,100 | $70,100 | $98,310 |
Source: Ownwell
Property Tax Bills Across Black Lick, Pennsylvania
In Black Lick, Indiana County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, neighborhood values, and market trends can influence the assessed value. For homeowners in Black Lick, the median home price is $48,100. Property tax bills in this area vary significantly, with the 25th percentile at $643 and the 75th percentile at $1,582. The 90th percentile tax bill reaches up to $2,190. These figures highlight the range of property tax obligations, reflecting differences in property values and assessments within the community. Compared to the national median property tax rate of 0.99%, Black Lick's tax rates can impact homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual tax responsibilities and plan their finances accordingly.
Average Black Lick Tax Bill
$1,072
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Lick, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15716 | $145 | $643 | $1,072 | $1,582 | $2,190 |
Source: Ownwell