Rossiter, Pennsylvania Property Taxes
The median property tax rate in Rossiter, PA is 1.77%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rossiter, the typical annual property tax bill reaches $1,173, exceeding the national median of $2,690. Property taxes in Rossiter 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 Rossiter'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 Rossiter 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
Rossiter, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,269
Ownwell’s Rossiter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rossiter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rossiter 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 Rossiter, Pennsylvania
Property taxes in Rossiter, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rossiter is 1.77%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rossiter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rossiter 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 Rossiter's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15742 zip code has the highest median property tax rate of 1.77%, while the 15772 zip code has the lowest median tax rate of 1.77%. Understanding how these areas compare with Rossiter 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 Rossiter Tax Rate
1.77%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rossiter, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15742 | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% |
| 15772 | 1.33% | 1.33% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Rossiter, Pennsylvania
In Rossiter, 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 Rossiter, 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 instance, the highest median tax bill in the area is $1,176 in zip code 15772, while the lowest median tax bill is $724 in zip code 15742. 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 Rossiter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rossiter Assessed Value
$71,700
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 Rossiter, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15742 | $40,800 | $40,800 | $40,800 | $40,800 | $40,800 |
| 15772 | $15,720 | $37,550 | $71,900 | $126,800 | $166,640 |
Source: Ownwell
Property Tax Bills Across Rossiter, Pennsylvania
In Rossiter, 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 local government assessors and is intended to reflect the market value of the property. Homeowners in Rossiter typically pay a median property tax rate of 0.99%, which is on par with the national median. For example, with a median home price of $71,700, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $671 annually, while those at the 75th percentile could see bills as high as $1,988. The highest median tax bill in the area is $1,176 in the 15772 zip code, whereas the lowest is $724 in the 15742 zip code. These property tax bills are crucial as they fund local services such as public schools, infrastructure, and emergency services. Consequently, understanding property taxes is essential for homeowners to budget effectively and anticipate annual expenses.
Average Rossiter Tax Bill
$1,173
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rossiter, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15742 | $724 | $724 | $724 | $724 | $724 |
| 15772 | $351 | $671 | $1,176 | $1,990 | $2,669 |
Source: Ownwell