Cokeburg, Pennsylvania Property Taxes
The median property tax rate in Cokeburg, PA is 1.98%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cokeburg, the typical annual property tax bill reaches $780, which is significantly lower than the national median of $2,690. Property taxes in Cokeburg 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 Cokeburg'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 Cokeburg 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
Cokeburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$780
Ownwell’s Cokeburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cokeburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cokeburg 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 Cokeburg, Pennsylvania
Property taxes in Cokeburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cokeburg is 1.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cokeburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cokeburg 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 Cokeburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15324 zip code has the highest median property tax rate of 1.98%, while the same zip code also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Cokeburg provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cokeburg Tax Rate
1.98%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cokeburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15324 | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Cokeburg, Pennsylvania
In Cokeburg, 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 Washington 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 Cokeburg, 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. For instance, the median home price in Cokeburg is $39,400, with tax bills ranging from $707 at the 25th percentile to $1,450 at the 90th percentile. The zip code 15324 has both the highest and lowest median tax bill at $780. By understanding 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 Cokeburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cokeburg Assessed Value
$39,400
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cokeburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15324 | $33,000 | $35,700 | $39,400 | $47,225 | $73,250 |
Source: Ownwell
Property Tax Bills Across Cokeburg, Pennsylvania
In Cokeburg, Washington County, PA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Cokeburg can expect their property taxes to be influenced by several factors, including the assessed value of their home and the local tax rate. The median home price in Cokeburg is $39,400, and the property tax rate is applied to this assessed value to determine the tax bill. For instance, the 25th percentile tax bill is around $707, while the 75th percentile tax bill is approximately $935. At the 90th percentile, homeowners may see tax bills as high as $1,450. The highest and lowest median tax bills in the area are both $780, which is significantly lower than the national median property tax rate of 0.99%. These property taxes play a crucial role in funding local services and infrastructure, impacting the overall cost of homeownership in Cokeburg.
Average Cokeburg Tax Bill
$780
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cokeburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15324 | $653 | $707 | $780 | $935 | $1,450 |
Source: Ownwell