Cheyenne, Pennsylvania Property Taxes
The median property tax rate in Cheyenne, PA is 2.87%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cheyenne at $188,925, the typical annual property tax bill reaches $5,422, exceeding the national median of $2,690. Property taxes in Cheyenne 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 Cheyenne'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 Cheyenne 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
Cheyenne, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.87%
Estimate Property Tax Bill
$5,422
Ownwell’s Cheyenne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cheyenne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cheyenne 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 Cheyenne, Pennsylvania
Property taxes in Cheyenne, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cheyenne is 2.87%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cheyenne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cheyenne 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 Cheyenne's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 82001 zip code has the highest median property tax rate of 2.87%, while the lowest median tax rate is also 2.87%. Understanding how these cities compare with Cheyenne provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cheyenne Tax Rate
2.87%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cheyenne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82001 | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Cheyenne, Pennsylvania
In Cheyenne, 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 Pike County Appraisal District 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 Cheyenne, 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. Being aware of these valuation processes in Cheyenne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Cheyenne are both $5,422 in the 82001 zip code, highlighting the uniformity in tax assessments within the area.
Average Cheyenne Assessed Value
$188,925
Average Pike County Assessed Value
$106,483
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cheyenne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82001 | $188,925 | $188,925 | $188,925 | $188,925 | $188,925 |
Source: Ownwell
Property Tax Bills Across Cheyenne, Pennsylvania
In Cheyenne, Pike County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $188,925, homeowners in Cheyenne can expect to pay a median tax bill of $5,422 annually. Several factors influence the assessed value, including the property's location, size, and condition. Additionally, any improvements or renovations can increase the assessed value, thereby raising the tax bill. The median tax bill in Cheyenne is significantly higher than the national median property tax rate of 0.99%, indicating a heavier tax burden on homeowners in this area. This higher tax bill can impact homeowners' budgets and overall cost of living, making it essential for property owners to be aware of and plan for these expenses.
Average Cheyenne Tax Bill
$5,422
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cheyenne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82001 | $5,422 | $5,422 | $5,422 | $5,422 | $5,422 |
Source: Ownwell