Heilwood, Pennsylvania Property Taxes
The median property tax rate in Heilwood, PA is 2.13%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Heilwood at $46,800, the typical annual property tax bill reaches $997, exceeding the national median of $2,690. Property taxes in Heilwood 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 Heilwood'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 Heilwood 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
Heilwood, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$997
Ownwell’s Heilwood Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Heilwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heilwood to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is the value assigned by Indiana County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Heilwood, Pennsylvania
Property taxes in Heilwood, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Heilwood is 2.13%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Heilwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heilwood 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 Heilwood's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15745 zip code has both the highest and lowest median property tax rate of 2.13%. Understanding how these areas compare with Heilwood 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 Heilwood Tax Rate
2.13%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heilwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15745 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Heilwood, Pennsylvania
In Heilwood, 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 Heilwood 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 Heilwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Heilwood is $997, with this amount being the same for both the highest and lowest median tax bills in the 15745 zip code.
Average Heilwood Assessed Value
$46,800
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 Heilwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15745 | $19,500 | $35,350 | $46,800 | $70,350 | $124,200 |
Source: Ownwell
Property Tax Bills Across Heilwood, Pennsylvania
In Heilwood, Indiana County, PA, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate to calculate the annual tax bill. Factors such as property improvements, changes in the local real estate market, and periodic reassessments can influence the assessed value. For homeowners in Heilwood, the median home price is $46,800. Property tax bills can vary significantly, with the 25th percentile at $753 and the 75th percentile at $1,499, while the 90th percentile reaches $2,659. These figures illustrate the range of property tax burdens faced by residents. Compared to the national median property tax rate of 0.99%, Heilwood's property tax rates can be a critical factor for homeowners when budgeting for annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Heilwood Tax Bill
$997
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Heilwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15745 | $446 | $753 | $997 | $1,499 | $2,659 |
Source: Ownwell