Hallstead, Pennsylvania Property Taxes
The median property tax rate in Hallstead, PA is 3.47%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hallstead, the typical annual property tax bill reaches $854, which is below the national median of $2,690. Property taxes in Hallstead 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 Hallstead'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 Hallstead 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
Hallstead, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.47%
Estimate Property Tax Bill
$833
Ownwell’s Hallstead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hallstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hallstead 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 Hallstead, Pennsylvania
Property taxes in Hallstead, PA, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Hallstead is 3.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hallstead set these rates annually, and they can vary across different neighborhoods. Each year, Hallstead 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 Hallstead's effective property tax rate to other areas within Susquehanna County and the national median. For comparison, the zip code 18822 has the highest median property tax rate of 3.47%, while the same zip code also has the lowest median tax rate of 3.47%. Understanding how these areas compare with Hallstead provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hallstead Tax Rate
3.47%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hallstead, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18822 | 3.40% | 3.40% | 3.47% | 3.47% | 3.55% |
Source: Ownwell
Property Tax Assessment Values Across Hallstead, Pennsylvania
In Hallstead, 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 Susquehanna 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 Hallstead, 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 Hallstead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hallstead is $24,000, with tax bills ranging from the 25th percentile at $435 to the 90th percentile at $2,648. The zip code 18822 has the highest median tax bill at $854.
Average Hallstead Assessed Value
$24,000
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hallstead, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18822 | $3,560 | $12,600 | $24,000 | $48,000 | $76,240 |
Source: Ownwell
Property Tax Bills Across Hallstead, Pennsylvania
In Hallstead, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The median home price in Hallstead is $24,000, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as location, property size, and improvements can influence the assessed value. The tax bill for homeowners in Hallstead can vary significantly. For instance, the 25th percentile tax bill is $435, while the 75th percentile tax bill reaches $1,651. At the 90th percentile, homeowners can expect to pay up to $2,648. These variations highlight how property values and assessments impact the tax burden. Comparatively, the median property tax bill in Hallstead's zip code 18822 is $854, which is lower than the national median property tax rate of 0.99%. This relatively lower tax bill can be beneficial for homeowners, potentially making Hallstead an attractive place for property investment.
Average Hallstead Tax Bill
$854
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hallstead, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18822 | $133 | $435 | $854 | $1,651 | $2,648 |
Source: Ownwell