Champion, Pennsylvania Property Taxes
The median property tax rate in Champion, PA is 1.85%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Champion, the typical annual property tax bill reaches $2,393, which is below the national median of $2,690. Property taxes in Champion 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 Champion'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 Champion 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
Champion, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$2,394
Ownwell’s Champion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Champion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Champion 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 Champion, Pennsylvania
Property taxes in Champion, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Champion is 1.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Champion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Champion 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 Champion's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the area with the highest median property tax rate in Somerset County has a rate of 1.85%, the same as Champion, while the area with the lowest median tax rate also stands at 1.85%. Understanding how these cities compare with Champion 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 Champion Tax Rate
1.85%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Champion, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15622 | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Champion, Pennsylvania
In Champion, 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 Champion, 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 Champion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in zip code 15622 is $2,393, while the lowest median tax bill is also $2,393.
Average Champion Assessed Value
$129,400
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 Champion, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15622 | $55,996 | $90,250 | $129,400 | $214,835 | $400,380 |
Source: Ownwell
Property Tax Bills Across Champion, Pennsylvania
In Champion, located in Somerset County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Champion can expect their property tax bills to be influenced by several factors, including the assessed value of their property and the local tax rate. For example, the median home price in Champion is $129,400. Property tax bills in the area range widely, with the 25th percentile at $1,672 and the 75th percentile at $4,027, showcasing the variability based on property values and assessments. The highest median tax bill in the region is $2,393, which is relatively modest compared to the national median property tax rate of 0.99%. This variability affects homeowners differently, making it crucial for them to understand their property's assessed value and the local tax rate to anticipate their annual tax obligations accurately.
Average Champion Tax Bill
$2,393
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Champion, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15622 | $1,036 | $1,672 | $2,393 | $4,027 | $7,426 |
Source: Ownwell