Eighty Four, Pennsylvania Property Taxes
The median property tax rate in Eighty Four, PA is 1.74%, significantly higher than the national median of 0.99% but below the Pennsylvania state median of 2.81%. With a median home value of $204,400, the typical annual property tax bill in Eighty Four reaches $3,567, surpassing the national median of $2,690. Property taxes here are calculated based on the tax-assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Eighty Four'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 Eighty Four or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eighty Four, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$3,557
Ownwell’s EIGHTY FOUR Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in EIGHTY FOUR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EIGHTY FOUR 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 Eighty Four, Pennsylvania
Property taxes in Eighty Four, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Eighty Four is 1.74%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Eighty Four set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eighty Four 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 Eighty Four's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15330 has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Eighty Four 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 Eighty Four Tax Rate
1.74%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eighty Four, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15330 | 1.60% | 1.60% | 1.74% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Eighty Four, Pennsylvania
In Eighty Four, 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 Eighty Four, 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 Eighty Four is $204,400, with tax bills varying significantly. The 25th percentile tax bill is $2,329, while the 75th percentile tax bill is $5,440. The highest median tax bill is $3,567 in the 15330 zip code, which also has the lowest median tax bill. 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 Eighty Four, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Eighty Four Assessed Value
$204,400
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 Eighty Four, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15330 | $65,730 | $134,125 | $204,400 | $307,325 | $392,550 |
Source: Ownwell
Property Tax Bills Across Eighty Four, Pennsylvania
In Eighty Four, located in Washington County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or reductions are considered in this process. For instance, the median home price in Eighty Four is $204,400. Homeowners in the 25th percentile can expect a tax bill of approximately $2,329, while those in the 75th percentile might see a bill around $5,440. For those in the 90th percentile, the tax bill can reach up to $6,820. This variability highlights how property taxes can significantly impact homeowners, with higher-valued properties bearing a greater tax burden. Compared to the national median property tax rate of 0.99%, Eighty Four's rates reflect the local economic and real estate conditions, affecting homeowners' annual financial planning.
Average Eighty Four Tax Bill
$3,567
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Eighty Four, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15330 | $1,174 | $2,329 | $3,567 | $5,440 | $6,820 |
Source: Ownwell