Starrucca, Pennsylvania Property Taxes
The median property tax rate in Starrucca, PA is 2.31%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Starrucca, the typical annual property tax bill reaches $3,536, exceeding the national median of $2,690. Property taxes in Starrucca 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 Starrucca'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 Starrucca or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Starrucca, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$3,680
Ownwell’s Starrucca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Starrucca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Starrucca 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 Starrucca, Pennsylvania
Property taxes in Starrucca, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Starrucca is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Starrucca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Starrucca 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 Starrucca's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18462 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these figures compare with Starrucca provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Starrucca Tax Rate
2.31%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Starrucca, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18462 | 2.03% | 2.03% | 2.31% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Starrucca, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Starrucca, PA. 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 local authorities 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 Starrucca, 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 Starrucca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wayne County, the highest median tax bill is $3,536 in zip code 18462, while the lowest median tax bill is also $3,536 in the same zip code. This highlights the importance of understanding your specific tax situation for effective property tax management.
Average Starrucca Assessed Value
$159,300
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Starrucca, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18462 | $62,740 | $119,300 | $159,300 | $232,400 | $302,140 |
Source: Ownwell
Property Tax Bills Across Starrucca, Pennsylvania
In Starrucca, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Wayne County, the median home price is $159,300. Property tax bills can vary significantly, with the 25th percentile at $2,546, the 75th percentile at $5,297, and the 90th percentile reaching up to $6,984. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how their local rates stack up. Higher property taxes can significantly impact homeowners, affecting affordability and overall financial planning. In Starrucca, the highest and lowest median tax bills are both reported at $3,536 in the zip code 18462, indicating a relatively uniform tax rate within that area.
Average Starrucca Tax Bill
$3,536
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Starrucca, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18462 | $1,400 | $2,546 | $3,536 | $5,297 | $6,984 |
Source: Ownwell