Indiana, Pennsylvania Property Taxes
The median property tax rate in Indiana, PA is 2.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Indiana at $130,700, the typical annual property tax bill reaches $2,942, exceeding the national median of $2,690. Property taxes in Indiana 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 Indiana'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 Indiana or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Indiana, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$2,653
Ownwell’s Indiana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indiana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indiana 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 Indiana, Pennsylvania
Property taxes in Indiana, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indiana is 2.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Indiana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indiana 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 Indiana's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15701 has the highest median property tax rate of 2.03%, while the same zip code also has the lowest median tax rate of 2.03%. Understanding how these cities compare with Indiana 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 Indiana Tax Rate
2.03%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indiana, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15701 | 1.80% | 2.03% | 2.03% | 2.64% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Indiana, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Indiana, PA. 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 Indiana, 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. For instance, the median home price in Indiana is $130,700, with tax bills ranging from $2,089 at the 25th percentile to $5,295 at the 90th percentile. Being aware of these valuation processes in Indiana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Indiana Assessed Value
$130,700
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 Indiana, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15701 | $35,700 | $87,600 | $130,700 | $177,000 | $253,750 |
Source: Ownwell
Property Tax Bills Across Indiana, Pennsylvania
In Indiana, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's market value, location, and any applicable exemptions play a crucial role in the assessment process. For instance, the median home price in Indiana, PA is $130,700, which helps in estimating the tax bill. Homeowners in Indiana, PA can expect their property tax bills to vary significantly. For example, tax bills at the 25th percentile are around $2,089, while those at the 75th percentile reach approximately $3,853. At the 90th percentile, tax bills can climb to $5,295. These variations highlight the impact of different property values and local tax rates on homeowners. Comparatively, the national median property tax rate is 0.99%, making Indiana, PA's property tax landscape an essential consideration for current and prospective homeowners. Understanding these factors can help homeowners better manage their financial planning and anticipate future expenses.
Average Indiana Tax Bill
$2,942
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Indiana, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15701 | $1,042 | $2,089 | $2,942 | $3,853 | $5,295 |
Source: Ownwell