Cairnbrook, Pennsylvania Property Taxes
The median property tax rate in Cairnbrook, PA is 3.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cairnbrook, the typical annual property tax bill reaches $816, which is significantly lower than the national median of $2,690. Property taxes in Cairnbrook 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 Cairnbrook'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 Cairnbrook or another part of Somerset County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cairnbrook, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$816
Ownwell’s Cairnbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cairnbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cairnbrook 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 Cairnbrook, Pennsylvania
Property taxes in Cairnbrook, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cairnbrook is 3.00%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cairnbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cairnbrook 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 Cairnbrook's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15924 zip code has the highest median property tax rate of 3.00%, while the same zip code also has the lowest median tax rate of 3.00%. Understanding how these areas compare with Cairnbrook provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cairnbrook Tax Rate
3.00%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cairnbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15924 | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Cairnbrook, Pennsylvania
In Cairnbrook, 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 Somerset 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 Cairnbrook, 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 Cairnbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $816.00, found in zip code 15924, which is also the lowest median tax bill.
Average Cairnbrook Assessed Value
$27,215
Average Somerset County Assessed Value
$50,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cairnbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15924 | $13,556 | $19,850 | $27,215 | $37,462 | $62,209 |
Source: Ownwell
Property Tax Bills Across Cairnbrook, Pennsylvania
In Cairnbrook, located in Somerset 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 the county's assessment office and reflects a percentage of the property's market value. For instance, with a median home price of $27,215, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $595, while those in the 75th percentile might see bills as high as $1,123. The 90th percentile tax bill can reach up to $1,864. These figures highlight the range of property tax obligations depending on property value and assessment accuracy. Compared to the national median property tax rate of 0.99%, Cairnbrook's property tax rate can be considered relatively moderate. However, the actual impact on homeowners varies based on the assessed value of their property. Higher assessed values lead to higher tax bills, which can affect the affordability and financial planning for homeowners in the region.
Average Cairnbrook Tax Bill
$816
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cairnbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15924 | $406 | $595 | $816 | $1,123 | $1,864 |
Source: Ownwell