Shinglehouse, Pennsylvania Property Taxes
The median property tax rate in Shinglehouse, PA is 7.23%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Shinglehouse at $15,870, the typical annual property tax bill reaches $1,223, which is still below the national median of $2,690. Property taxes in Shinglehouse 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 Shinglehouse'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 Shinglehouse or another part of Potter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shinglehouse, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.23%
Estimate Property Tax Bill
$1,147
Ownwell’s Shinglehouse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shinglehouse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shinglehouse 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 Shinglehouse, Pennsylvania
Property taxes in Shinglehouse, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shinglehouse is 2.02%, which is significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Shinglehouse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shinglehouse 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 Shinglehouse's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16748 zip code has the highest median property tax rate of 2.02%, while the same 16748 zip code also has the lowest median tax rate of 2.02%. Understanding how these cities compare with Shinglehouse 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 Shinglehouse 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 Shinglehouse, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16748 | 5.25% | 6.68% | 7.23% | 7.23% | 7.23% |
Source: Ownwell
Property Tax Assessment Values Across Shinglehouse, Pennsylvania
In Shinglehouse, 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 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 Shinglehouse, 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 Shinglehouse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 16748 has the highest and lowest median tax bill at $1,223.
Average Shinglehouse Assessed Value
$15,870
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 Shinglehouse, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16748 | $6,752 | $9,590 | $15,870 | $26,200 | $39,560 |
Source: Ownwell
Property Tax Bills Across Shinglehouse, Pennsylvania
In Shinglehouse, located in Potter County, PA, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is determined by county assessors. For instance, if a home has a median price of $15,870, the assessed value will be a fraction of this amount, depending on local regulations. The tax rate applied to this assessed value is crucial in calculating the final tax bill. In Shinglehouse, the median property tax rate is 0.99%, aligning with the national median. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile at approximately $836 and the 75th percentile reaching $1,813. The tax bill at the 90th percentile can go up to $2,230, indicating a wide range in property tax amounts. These property taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community.
Average Shinglehouse Tax Bill
$1,223
Average Potter County Tax Bill
$970
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shinglehouse, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16748 | $444 | $836 | $1,223 | $1,813 | $2,230 |
Source: Ownwell