Roulette, Pennsylvania Property Taxes
The median property tax rate in Roulette, PA is 7.23%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $14,280 in Roulette, the typical annual property tax bill amounts to $1,160, which is below the national median of $2,690. Property taxes in Roulette are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Roulette'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 Roulette or another part of Potter County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roulette, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.23%
Estimate Property Tax Bill
$1,032
Ownwell’s Roulette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roulette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roulette 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 Roulette, Pennsylvania
Property taxes in Roulette, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roulette is 7.23%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Roulette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roulette 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 Roulette's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16746 zip code has the highest median property tax rate of 7.23%, while the same zip code also has the lowest median tax rate of 7.23%. Understanding how these cities compare with Roulette provides valuable insights into the varying tax landscape across Potter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roulette Tax Rate
7.23%
Average Potter County Tax Rate
6.53%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roulette, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16746 | 5.73% | 6.41% | 7.23% | 7.23% | 7.23% |
Source: Ownwell
Property Tax Assessment Values Across Roulette, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roulette, Pennsylvania. 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 Potter 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 Roulette, 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 highest median tax bill in the area is $1,160 in zip code 16746, while the lowest median tax bill is also $1,160 in the same zip code. 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 Roulette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roulette Assessed Value
$14,280
Average Potter County Assessed Value
$13,240
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roulette, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16746 | $3,546 | $8,160 | $14,280 | $29,480 | $42,896 |
Source: Ownwell
Property Tax Bills Across Roulette, Pennsylvania
Property tax bills in Roulette, located in Potter County, PA, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $14,280, homeowners in Roulette can expect varying tax bills depending on their property’s value and specific circumstances. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in the 25th percentile can expect a tax bill around $645, while those in the 75th percentile might see bills closer to $1,875. The highest tax bills, in the 90th percentile, can reach up to $3,296. Compared to the national median property tax rate of 0.99%, Roulette's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Roulette Tax Bill
$1,160
Average Potter County Tax Bill
$970
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Roulette, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16746 | $430 | $645 | $1,160 | $1,875 | $3,296 |
Source: Ownwell