Jennerstown, Pennsylvania Property Taxes
The median property tax rate in Jennerstown, PA is 2.69%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jennerstown at $55,300, the typical annual property tax bill reaches $1,485, exceeding the national median of $2,690. Property taxes in Jennerstown 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 Jennerstown'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 Jennerstown 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
Jennerstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.69%
Estimate Property Tax Bill
$1,488
Ownwell’s Jennerstown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jennerstown with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jennerstown to provide an accurate property tax bill estimate. This powerful tool offers valuable insights into your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed information, including neighborhood-level trends, additional localized data is available below. Your property’s assessed value, determined by Somerset County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Jennerstown, Pennsylvania
Property taxes in Jennerstown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jennerstown is 2.69%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Jennerstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jennerstown 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 Jennerstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15547 zip code has both the highest and lowest median property tax rate of 2.69%. Understanding how these cities compare with Jennerstown 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 Jennerstown Tax Rate
2.69%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jennerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15547 | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Jennerstown, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jennerstown, 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 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 Jennerstown, 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. The median home price in Jennerstown is $55,300, and the tax bills range significantly, with the 25th percentile at $1,164 and the 75th percentile at $2,111. The highest and lowest median tax bills are both found in zip code 15547, each at $1,485. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jennerstown, Pennsylvania
Source: Ownwell
$24,110
$76,755
$129,400
Average Jennerstown Assessed Value
$55,300
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 Jennerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15547 | $27,432 | $43,320 | $55,300 | $78,565 | $107,320 |
Source: Ownwell
Property Tax Bills Across Jennerstown, Pennsylvania
In Jennerstown, located in Somerset County, PA, property tax bills are calculated based on the assessed value of a property. This assessed value is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $55,300, homeowners can expect different tax bills depending on various factors like property size and location within the city. Tax bills in Jennerstown show a range of values. The 25th percentile tax bill is $1,164, while the 75th percentile tax bill is $2,111, and the 90th percentile tax bill reaches $2,883. These variations can significantly impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Jennerstown's rates may seem higher, reflecting the local government's funding needs for services like schools, infrastructure, and emergency services. Understanding these factors helps homeowners anticipate their annual financial obligations more accurately.
Average Jennerstown Tax Bill
$1,485
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jennerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15547 | $737 | $1,164 | $1,485 | $2,111 | $2,883 |
Source: Ownwell