Davidsville, Pennsylvania Property Taxes
The median property tax rate in Davidsville, PA is 2.47%, which is considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Davidsville, the typical annual property tax bill reaches $1,784, exceeding the national median of $2,690. Property taxes in Davidsville 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 Davidsville'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 Davidsville 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
Davidsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$1,786
Ownwell’s Davidsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davidsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davidsville 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 Davidsville, Pennsylvania
Property taxes in Davidsville, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davidsville is 2.47%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Davidsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davidsville 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 Davidsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15928 zip code has the highest median property tax rate of 2.47%, while the same zip code also has the lowest median tax rate of 2.47%. Understanding how these cities compare with Davidsville 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 Davidsville Tax Rate
2.47%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davidsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15928 | 2.47% | 2.47% | 2.47% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Davidsville, Pennsylvania
In Davidsville, 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 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 Davidsville, 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. For instance, the highest median tax bill in the area is $1,784 in zip code 15928, while the lowest median tax bill is also $1,784 in the same zip code. Being aware of these valuation processes in Davidsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Davidsville, Pennsylvania
Source: Ownwell
$24,110
$76,755
$129,400
Average Davidsville Assessed Value
$72,325
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 Davidsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15928 | $35,763 | $55,150 | $72,325 | $101,495 | $132,323 |
Source: Ownwell
Property Tax Bills Across Davidsville, Pennsylvania
In Davidsville, 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 assessor and is a percentage of the market value of the property. For instance, the median home price in Davidsville is $72,325. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile paying around $1,360 and the 75th percentile paying up to $2,503. The highest tax bills, in the 90th percentile, can reach $3,263. Local factors such as school district funding, municipal services, and infrastructure projects also influence the overall tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Davidsville might find their tax bills to be relatively higher or lower based on these local considerations. Understanding these elements can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Davidsville Tax Bill
$1,784
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Davidsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15928 | $882 | $1,360 | $1,784 | $2,503 | $3,263 |
Source: Ownwell