Plumville, Pennsylvania Property Taxes
The median property tax rate in Plumville, PA is 1.96%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Plumville at $44,400, the typical annual property tax bill reaches $889, which is below the national median of $2,690. Property taxes in Plumville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plumville’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 Plumville 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
Plumville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$870
Ownwell’s Plumville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plumville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plumville 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 Plumville, Pennsylvania
Property taxes in Plumville, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Plumville is 1.96%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Plumville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plumville 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 Plumville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16246 has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these figures compare with Plumville 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 Plumville Tax Rate
1.96%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plumville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16246 | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Plumville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plumville, 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 Plumville, 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. For example, the median home price in Plumville is $44,400, and the tax bills range from $689 at the 25th percentile to $1,790 at the 90th percentile. Notably, the highest and lowest median tax bills in the area are both $889, found in zip code 16246. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plumville Assessed Value
$44,400
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 Plumville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16246 | $11,520 | $33,150 | $44,400 | $67,000 | $90,800 |
Source: Ownwell
Property Tax Bills Across Plumville, Pennsylvania
In Plumville, Indiana County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property's market value. Homeowners in Plumville typically see a range of tax bills depending on the assessed value of their property. For instance, the 25th percentile tax bill stands at $689, while the 75th percentile reaches $1,368. The 90th percentile tax bill can go up to $1,790. Several factors influence these tax bills, including the property's location, size, and condition. Compared to the national median property tax rate of 0.99%, Plumville's tax rates reflect the local market conditions and municipal budget needs. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance, directly impacting homeowners. Higher property taxes can affect a homeowner's overall financial planning, making it crucial for residents to understand how their tax bills are determined and what influences them.
Average Plumville Tax Bill
$889
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Plumville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16246 | $405 | $689 | $889 | $1,368 | $1,790 |
Source: Ownwell