Schenley, Pennsylvania Property Taxes
The median property tax rate in Schenley, PA is 3.55%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Schenley at $76,080, the typical annual property tax bill reaches $2,703, slightly below the national median of $2,690. Property taxes in Schenley 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 Schenley'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 Schenley or another part of Armstrong County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Schenley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$2,701
Ownwell’s Schenley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schenley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schenley 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 Schenley, Pennsylvania
Property taxes in Schenley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schenley is 1.35%, which is higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Schenley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schenley 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 Schenley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15682 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these regions compare with Schenley provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Schenley Tax Rate
3.55%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schenley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15682 | 3.55% | 3.55% | 3.55% | 3.55% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Schenley, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Schenley, Armstrong County, 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 the Armstrong 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. Assessment notices in Schenley 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 Schenley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Schenley is $2,703.00 in zip code 15682, and the lowest median tax bill is also $2,703.00 in the same zip code.
Average Schenley Assessed Value
$76,080
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Schenley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15682 | $11,312 | $45,740 | $76,080 | $103,980 | $137,550 |
Source: Ownwell
Property Tax Bills Across Schenley, Pennsylvania
In Schenley, Armstrong County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local government assessments. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and market conditions. For homeowners in Schenley, the median home price is $76,080. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,625 and the 75th percentile at $3,694. For those at the 90th percentile, tax bills can reach up to $4,886. These figures indicate a broad range of tax liabilities, reflecting differences in property values and specific assessment criteria. Homeowners in this region face property tax rates that can be compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Schenley Tax Bill
$2,703
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Schenley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15682 | $407 | $1,625 | $2,703 | $3,694 | $4,886 |
Source: Ownwell